Pump Priming

Now in the midst of an economic crisis, a word is heard more and more.

Here is an excerpt of a piece of news online:

"But optimists saw fresh hope in the more forward-looking investment data that China might pull out of its swoon faster than other major economies thanks to the government's pump priming and galloping credit growth."

Pump priming = Government action taken to stimulate the economy, as spending money in the commercial sector, cutting taxes, or reducing interest rates.