Cramer's 'Mad Money' Recap: Jan. 6

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"Global capitalism just might be saved by Chinese communism," Jim Cramer told viewers of his "Mad Money" TV Show Tuesdays.

He said that country's economic stimulus plans could lead the whole world out of its financial woes.

Cramer said the Chinese are pulling out all of the stops, doing everything in their power to create jobs and save their economy. The reason why, he said, is necessity.

He said the Chinese communists cannot afford the country's economy to get any worse without risking widespread protests and civil unrest. To stay in power, they have to get the economy back on track, and fast.

So far the Chinese have cut interest rates five times in efforts to stimulate growth. They've also announced over $600 billion in stimulus packages, including a $40 billion telecom package to upgrade the country's infrastructure. That plan, said Cramer, should be a win for Qualcomm (QCOM Quote).

Why do these moves in China matter? Cramer said because the trend is the only bullish thesis our markets can rally around.

He said this catalyst has resulted in a huge rotation out of names like Merck (MRK Quote) and McDonald's (MCD Quote), and into names like BHP Billiton (BHP Quote), Joy Global (JOYG Quote), Eaton (ETN Quote) and Freeport McMoran , a stock which he owns for his charitable trust Action Alerts PLUS.

"The Chinese are giving us a reason to like the stocks that need a strong economy to work," said Cramer.

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