China the unstoppable
China is back to its frightening numbers game: the economy grew 8.9% in this quarter from the same one last year. Its car market grew 34% to 9.66 million sales, where just about every other country's almost died. China’s car market is now the world's biggest. Retail sales growth was up 15.1% and what is even more important is the way these numbers were achieved: no paper shuffling, derivatives, or virtual profits - just plain good old investment. Almost 88% of GDP growth came from corporations investing money in the real economy, not the imagined one. The appetite was so strong that investment in factories, construction and other fixed assets rose by 33% for the third year.
Read more: AP