China

There are some amazing figures coming out of China. Much of it is as a result of the huge stimulus the Chinese government pumped into the economy. If it can continue, it will help our export sector keep the GDP figures in the positive.

* Their economy grew 7.9% in the year to June 30
* New loans in June rose 360% on loans a year earlier
* China's stockmarket capitalisation surpased Japan's yesterday to become the second largest in the world
* Passenger car sales in June 48% higher than a year earlier
* Property sales up 81% in the half year compared with last year