It was the export number of just 3 percent that stood out to Cramer more. It told him that the Chinese consumer economy may be in better shape than most think. It indicated that China could be getting stronger.
"But this morning we got what I've really been waiting for, a resumption in rising car sales after a three-month decline," Cramer said.
Auto sales increased 3.3 percent from a year earlier, now at 1.75 million vehicles. This number showed Cramer that the stabilization of China's stock market is finally putting the Chinese consumer into a better mood.
So, while Cramer cannot assess the impact of the almost 50 percent decline in the Shanghai Composite from its mid-June peak, he does know that car sales were hit hard.
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Meanwhile, the 20 percent decline in Chinese imports translated for Cramer to mean that there are expanding margins for almost every company that uses the materials, especially the U.S. housing market. But what was more important about this number to Cramer was that it recognized that the damage from the Chinese stock market crash is running its course.
"I don't know when the communist party will stop propping up stocks. However, I do know that if you've been stuck in the Chinese stock market you are now getting a terrific chance to sell, and unless you bought from January to June, you could still be sitting on some pretty big gains," Cramer said.
So, for the first time in ages, there was a piece of good news out of China. Others may not be willing to recognize it, but Cramer is. That could be fabulous news for the global economy.