China Creates Stimulus

China has unveiled a 586 billion dollar economic stimulus package.It consists of price breaks,tax cuts and subsidies.China needs exceptional growth just to keep up with its expanding population.The effects of the financial crisis are spreading from small and medium to large enterprises,closing factories across the country.University graduates are finding it difficult to find jobs,and of the 200 million migrant workers who came home for Chinese New Year celebrations,as many as 10 million of them have no jobs to go back to in the big cities.This aspect of the largest human migration in the world is,frankly,worrying to the authorities,who wonder just what these unsettled workers will do now.Small comfort that China has just surpassed Germany,and is now considered the third largest economy in the world,behind the U.S. and Japan.