China’s stimulus package may help support sales of Japanese farm equipment, Brazilian iron ore and California machine tools, taking some of the edge off what might be the worst global recession in three decades.
The ripple effect of the $586 billion plan announced on Nov. 9 underscores China’s increasingly important role in the world economy as its policy makers work to keep the country’s growth close to 8 percent in 2009. Merrill Lynch & Co. said expansion would have cooled to 5 percent without the program from 9.5 percent this year.