clipped from: online.wsj.com   
[Customers shop at a mall in China's Jilin province Friday. China's economy is showing signs of stabilizing after a massive government stimulus package.]

BEIJING -- China's massive $585 billion government stimulus program appears to be kicking in, new data suggested Friday, raising the chances that the world's third-largest economy may be turning a corner.

Chinese demand for raw materials, hard hit in past months, is showing signs of recovery, with crude-oil imports hitting a one-year high in March
Steel mills in March imported record quantities of their key raw material, iron ore
Banks have extended 2.7 trillion yuan, or nearly $400 billion, of new loans in the first two months of the year, and early signs indicate the boost continued into March.
The impressive size of China's stimulus, announced in November, gets some credit for that: Along with the U.S. plan, it is one of the largest in the world.
China is unusual in that it has this incredible capacity to mobilize all its institutions
But the government is pushing cash through the economy, and the state investment program is driving hundreds of new infrastructure projects.
[tug of war]