China cuts interest rates as Panic surges There has also been reports that workers are leaving the farm fields and headed to the cities to demand jobs. It should be kept in mind that even 1% of the workforce out of work represents a HUGE number of people in a country with well over 1 Billion people. I heard on a radio show yesterday that on one of Bush's trips to China he asked their leader what his greatest challenge was. He responded that (since they are a "command economy") he has to create 25 million jobs per year. If he fails, rioting is to be expected. As a quickly expanding new economy, what is China's role in the down turn? Are they at the end of a whip? The mature economies go down a little while China crashes violently in reaction to vastly reduced demand for goods?