Under the leadership of the Communist Party, the people in China brace up to cope with the financial crisis and have scored marked successes to the worldwide attention. High-level figures from the western political and economic spheres . . . envy China's superb performance . . . as well as "China's spirit"- the kind of solid, unbreakable "Great Wall" at heart to ward off the financial crisis. - English-language editorial in the People's Daily, official mouthpiece of the Communist party of China, July 30

China's rulers can be excused a modicum of less-thangrammatical gloating after the economic rebound the country has achieved in recent months. With its quick and overwhelming response to the crisis, Beijing appears to have engineered a powerful V-shaped recovery and by most estimates is on track to exceed the 8 per cent growth target it set at the start of the year.