
China Stimulus Plan Is Another Piece of the Global Puzzle

By Jim Cramer
About this article:
I love a good stimulus program, and this Chinese program seems more like the real deal than most. We often talk about the big decline in Europe, but the stunning silence about China has led many to conclude that perhaps China's economy is slowing to high single digits.
The size of this stimulus plan, $586 billion, says to me that the issue isn't high single digits but whether there is any real growth at all.
We have misjudged China repeatedly on the downside almost as much as we did on the upside.
Throughout this decline we have said that it was
an attempt by the Chinese to stop pollution,
an attempt by the Chinese to marshal forces and get ready to rebuild areas devastated by earthquakes,
a cessation of work for the Olympics, and
a cessation of work until after the Special Olympics.
In each case we have stressed the temporary nature of...

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