What Happens When China's Growth Rate Slows?

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What's the fuss about the weakening of China's growth rate?  When they slow down, we do too. 

Further, the East Asia Forum reports:

Growth of Chinese GDP has decelerated from 9.6 per cent a year ago to 7.8 per cent in the first half of 2012. But, Huang notes, the government has remained calm about this gearing down, with only minor adjustments in policy that aimed at stabilising growth. The Chinese government’s ‘policy paralysis’, as it’s been called, appears odd given the emphasis on GDP growth in the past. A common interpretation is that policy makers are ‘way behind the curve’ because of the once-a-decade leadership transition.

Read the entire article:  The fuss about China's growth rate