There are approximately five weeks left in the current earnings season, and so far, nearly 80% of the companies that have announced earnings have produced better-than-expected results and beat analysts' expectations. As you know, this has driven the global stock markets higher over the past two weeks.

And I wouldn't be surprised to see this global stock market rally continue through Labor Day, as positive earnings and institutional investors buying back in should support the market nicely over the next month.

Considering that China remains the only economy to recover from the global economic crisis, posting a robust 7.9% GDP figure during the second quarter, I look for the leaders of this rally to remain stocks with solid earnings growth in the strongest economy in the world right now — China.

On average, I'm looking for our China stock recommendations to post year-over-year profit growth of more than 20%. And a select few Chinese companies may even report as much as a 40% increase from a year ago!

How is this possible? That's easy —  Chinese companies aren't weighed down by a dismal economic outlook. The Chinese government's stimulus package and the resulting economic growth in China is helping these companies overcome the global financial crisis and economic downturn.

One of my favorite companies along these lines is Baidu.com (BIDU), as its benefiting from the red-hot Internet industry in China and the economic recovery boosting advertising sales for the company.