The Chinese economic growth has slowed to its lowest in two decades and it was the first time in 15 years the country didn't hit its official economic targets.
As the world's second largest economy, it is not good news for the global economy and it will leave the business world in a "delicate" position, says Jamie. The IMF downgraded the global growth forecast for China to 3.5 per cent from 3.8 per cent.
However, the way the markets responded shows the situation is not as bad as it could be.
Jamie also discusses Scottish Power, who today become the third major supplier to announce a cut in gas prices. They are a little behind their competitors, but Jamie says it is still good news for consumers.