Cramer praised China during Wednesday’s Stop Trading! for its latest stimulus push, saying that we often underestimate the country’s ability to get its economy moving when it matters most. The benefits, though, could ripple through the rest of the world’s economies as well.
“The Chinese are pulling everyone out” of this recession, Cramer said.
China has been issuing coupons to its citizens that allow them to buy washers and dryers. Now Commerce Minister Chen Deming is saying, in a “Street Signs” interview, that those coupons could soon include other appliances as well, including televisions and radios. Also, instead of allowing only rural residents to take part, China is considering opening up the program to city dwellers as well.