Critically, the package should be financed by government bonds issued by the Ministry of Finance, not by commercial banks via local-government financing vehicles. Any loosening of monetary policy should be aimed directly at accommodating fiscal policy.
关键是，政策应该由财政部发行的政府债券融资，而不应该由商业银行通过地方政府融资平台融资。任何放松货币政策的措施都应该直接着眼于配合财政政策。这样，金融资源将被引导到实体经济中而不是吹起资产泡沫。