In fact, the recent slowdown should not be a cause for alarm, said Mark Williams, chief Asia economist at Capital Economics.
Last month, Chinese officials said they were aiming for economic growth of 7.5% in 2012, down from an initial goal of 8%, and compared to 9.2% growth in 2011. But the Chinese government often tops its official objective, and just last week, a Chinese official predicted 8.4% growth for the first quarter, ahead of the official figures due on Friday.
Plus, when you compare China's growth target to the Federal Reserve's prediction for U.S. economic growth between 2.2% and 2.7%, or Europe's mild recession, 7.5% doesn't sound so bad.
Wall Street just closed out its best first quarter since 1998, and while most experts believe stocks will continue to head higher this year, the recent momentum will subside, and there could be a few dips along the way.
