Menzie Chinn's graphs of China's GDP growth is quite good. Since 1980, China's GDP has grown from 0.3 Trillion interntational dollars to a projected 10T in 2010. The U.S. GDP grew from 3T to 14T over the same time.
So, while it's good news that China seems to be rebounding in terms of growth, due in part to the implementation of a substantial stimulus package, one has to keep in mind how big the Chinese economy is (in USD, 8.8% of world GDP, compared to 12.4% in International dollars).
One can't help but notice that the Euro area was roughly equal to the U.S. in terms of overall GDP when it was created (Menzie marks it as 1991), but now is 15-30 percent below, entirely due to slower growth.
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