China's New 'Secret Stimulus' Program: Likonomics Is Dead Without announcement, Premier Li Keqiang is implementing a new round of pump priming, what a senior official at the state-owned China Development Bank called “unofficial economic stimulus.” The plan puts funds into key provinces and cities through the country’s banking institutions instead of making direct disbursements from central government coffers. So far, Beijing is funneling the “silent ...
Aug. 18, 2013 - Forbes