I don't know whether the Chinese governments know what they are...

I don't know whether the Chinese governments know what they are doing.

I'm inclined to believe that all governments that seek to economic and social engineer their citizens are working way outside their mandate and the consequences historically are dire.

However, while the slowing may not be to our liking, it's not happening by chance, in China. It's been deliberately engineered this way.

You may recall that for many, many months the Chinese government tried unsuccessfully to cool their economy.

When the money supply was eventually strangled -- it did work. The economy has cooled. That's the outcome they wanted.

In Beijing they are passing round the cigars and giving each other congratulatory pats on the back...while in Shenzhen and Sydney there is fear and loathing.

The chinese economy has cooled not because the world has--but because the Chinese Government wants it that way.