China Announces $586 Billion Stimulus Package - WSJ.com

"The government also will adopt an 'active' fiscal policy -- meaning it will spend money and cut taxes -- while the central bank will set a 'moderately easy' tone that appears to signal further interest rate cuts and efforts to make banks boost lending, Xinhua said.

China's economy grew at the slowest rate in five years in the third quarter, slipping to 9% from the year before."

Hmm... Couple of things: "Boost bank lending" is what Europe did, but the U.S. of part of A. didn't (and is now trying to correct) and didn't the U.S. economy grow only 2.1%, while China was kicking booty?