China's growth rate is down.  9% this quarter.  This would be blowout growth for the U.S., of course.

Some thought it was because they shut factories down (among shutting other things down, like speech) during the Beijing Olympics in August.

But extensive statistics released on Monday by China’s National Bureau of Statistics pointed to a much broader pattern of weaker growth that could be readily explained by the Games.

There are consequences to aggressive mercantilism that impoverishes your biggest customer, the U.S.  China controls over $2 trillion in sovereign wealth funds, generated from their export surplus, but the U.S. cannot runup the credit card bills forever.

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