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Is China's RMB 4 Trillion Fiscal Package Losing Steam?

The stock market tumble after initial positive response to China’s stimulus plan is not because people started to examine the plan into the details. It is because the world’s largest economy, the primary source of this crisis continues to generate big bad news – Detroit Big Three’s struggle; Circuit City’s filing of bankruptcy; further $150 billion for AIG bailout, etc. If US economy does not stop decline, no matter how much money allocated to China’s plan, how the money is to be used is not going to prevent the stock market from falling.

Wonder how comes China have become an economic superpower overnight and bears the responsibility to reverses the world financial downturn with a single plan.