How the Ghost of Stimulus Past in China Haunts Li Keqiang

Updated on
  • Authorities have avoided all out stimulus of former leaders
  • Additional targeted measures like tax cuts are expected

Li Keqiang, China's premier.

Photographer: Krisztian Bocsi/Bloomberg

As China’s leadership steps on the economic-stimulus gas pedal, there’s one image in the rear-view mirror that looms large.

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