The stimulus plan that China just rolled out will boost new areas of the economy while avoiding funneling money into the troubled property sector, according to a former central bank official. “The package is not huge or big but I think the impact will be big because it focuses on the climate-change issue” and other areas that will become “competitiveness sectors” for the world’s No. 2 economy, said Zhu Min, a former deputy governor of the People’s Bank of China who also served as a deputy managing director of the International Monetary Fund. The stimulus will propel growth in sectors the government favors, such as ... (full story)