This is economic revision makes the figure closer (to actual GDP), but still there is underestimation.

These are unprecedented surplus volumes, reflecting the structural changes of China becoming the factory of the world.

I do not believe that 0.9 percent is sustainable, especially given the price liberalization in areas such as gasoline and utilities.

Will the government really hit the brakes? I doubt it. Much of the investment is following government instructions. It's in second- and third-tier cities. This is what the government wants. They've regained solid control over inflation.

I don't think the world can tolerate such a massive surplus.

The biggest beneficiary of all this is the United States. Look, a Barbie doll costs $20 but China only gets about 35 cents of that.

This highlights a re-accelerating economy led by consumption and investment.

This is a day for celebration. But tomorrow when Hong Kong wakes up, it will still face structural challenges.

The month-on-month numbers are just totally useless unless the seasonal factor has been applied.