Another is to sell off government bonds held by the central bank in order to take money out of circulation – again, just the opposite of what the Fed is now doing. Because China’s government does not owe much debt to the public, the PBC sold out its holdings of government bonds in 2005.
存款准备金比率只不过是经典的冲销手段之一。另外一个则是通过销售中央银行所持有的政府债券，并以此回收流通领域中的货币——而中国当前的做法也跟美联储背道而驰。因为中国政府并没有多少公众债务，人行早在2005年时已经将手中的债券售罄，因此它还得创设其他的一些金融产品来出售。