"Fueled by an ambitious economic stimulus program and aggressive bank lending, China’s economy grew by 7.9 percent in the second quarter of this year, the government said Thursday, a surprisingly strong showing given the world economic crisis.
The gross domestic product figures, released Thursday morning in Beijing by the National Statistics Bureau, are also surprising given how China’s exports have declined sharply after years of torrid growth." (NY Times)
Read that. 7 point fucking 9 percent growth in the worst global recession since 1930's.