China First to Recover from Recession?

Here are some bullish comments about China. I happen to think that China would be the first to recover, because they have massive savings; so, they could spend away on stimulus without worrying about the inflation getting out of control. And, they have no banking crisis. Unlike the US, the financial sector is healthy and is ready to support the stimulus.

Hopefully, China would be able to lift Japan and Korea out of the recession too. But Japan is in a really bad shape, so the order of recovery would probably be: China, Korea, and then Japan.