In these times of interconnected economies, China's recent economic troubles seem to be the last straw that broke the camel's back. First of all, less growth in China spells trouble for its trading partners. But there is another worrisome development for ROW. China, after years of goading from IMF and US economists, is undertaking a policy shift in an attempt to change its economic growth paradigm.

Japan, the world's third largest economy grows at a slower than expected pace