[Poohbah]

China's GDP is expected to grow by 7% a year for the next 2 decades at least, while America's will grow by about 2%.

And Arthur Andersen audited China's figures, so they've GOTTA be good to go...

[batter]

China's figures have been under fire for quite a while now. You might be interested in this:
China seeks IMF shelter as statistics under fire
How Much Is China Cooking Its Numbers?
China's false statistics will kill it
China admits to trouble with state-run industries
China's GDP growth still slowing

I wouldn't trust the ChiCom numbers. These are just a couple of the articles on the matter (other articles can be found on the ChiCom Watch website).
This another good article posted recently:
China's private dilemma
Finally, you may also want to take a look at who is really putting a bunch of money into Cisco:
China's Golden Shield: Corporations and the Development of Surveillance Technology in China