Typically, the government has allowed growth to slow in years prior so it can accelerate during transition years without risking hyperinflation. This trend was evident last year as officials took measures to stymie high inflation rates. Now, it appears China's hitting the throttle. New yuan loans, imports, fixed asset investment, industrial production and retail sales have increased recently -- all while inflation has remained relatively benign. In recent weeks, we've seen the following fiscal and monetary stimulus from the Chinese government: official statements planning to fast-track infrastructure projects, reports of higher bank loan quotas, delaying implementation of Basel III capital requirements for banks, relaxing housing restrictions, new consumption subsidies for cars and appliances, and tax changes to stimulate spending (to name only a few). As the year wears on, we expect to see more of the same -- an overall accommodative government using its tools to boost growth. China's GDP growth may not accelerate from last year, but we expect the stepped-up stimulus should foster stronger growth than many expect.