Its natural to have one sector booming and another going slow. Its part of the adjustment of the country. We are also undergoing adjustments - just have a look at our commercial real estate sector?!?
The Chinese are lucky to have over $3 Trillions in reserves. If they want to or need to, they can pump their economy.
In any case, if the Chinese economy is suffering, we would suffer immensely - people forget we derived over $100 Billions in trade surplus per year with China, and there are very few countries that can boast $100B in annual trade surplus. Many don't realize we have a $20B Trade Deficit with the US and $36B Trade Deficit with the EU.
So if China collapses, we would suffer massive unemployment.
Any way, I don't see those signs from the data coming out of China. Sure, weakness in some sectors, but strength in others.
