Not so strong now?
Perhaps our friends in the Communist Party of China aren't as rich as they thought?
China's economic muscle 'shrinks'
China's economy, the world's second largest, is not as big as was thought, a report by the World Bank has claimed.
According to the bank, previous calculations have overestimated the size of China's economy by about 40%. The revelation came after the bank updated the way it calculated the country's gross domestic product (GDP). The bank said the findings meant China would not become the world's biggest economy in 2012 as forecast. It also meant China was poorer than estimated. This in turn would influence future aid and investment plans, the World Bank said. China gains extra aid from international institutions and has asked for help in climate change talks because of its status as a developing country. Based on the World Bank's new research, China's economy is now worth some $5.33 trillion (£2.64trillion). Despite the drop in size, the economy was still the world's second largest, the bank said. The US, at $12 trillion, is the world's largest economy.
And then there is the stock exchange...
Is China's stock rally about to burst?
The bull that stands outside the Shanghai stock exchange could not be more apt. Market bulls believe stock prices will continue to rise The Chinese market has almost tripled in value this year as investors clamour for a slice of the world's fastest growing economy. And if the shares of PetroChina soar when it lists in Shanghai next week, there's a chance the Chinese oil giant could become the world's most valuable quoted company, stealing the crown from ExxonMobil. For some, this is a natural extension of China's economic rise. For others, it's evidence of a massive stock market bubble that parallels the height of the dotcom boom. Too hot? China's market is displaying many of the classic warning signs of a bubble. Cab drivers, college kids and Buddhist monks are making small fortunes in a frenzy of "chao gu" or stir frying stocks - Chinese slang for trading. Internet chatrooms are abuzz with investment tips and reports say that millions of stock trading accounts are being opened each month. Investment guru Warren Buffett, who recently sold his Hong Kong-listed PetroChina shares for a huge profit, warned last week that China is too hot to buy. By most conventional yardsticks, valuations of many of China's largest shares do look stretched. China's main stock index trades at more than 50 times projected earnings of the companies listed on it, almost triple that of major European and US stock markets.