What woes!  The rate of growth must fall for growth to be sustainable.  Let us not forget - China's economy is still growing by more than 6%, more than almost every other economy in the world.  7% growth last year represented the same absolute increase in economic activity as 14% in 2007.

China is the fast growing tech market in the world and will continue to be so for the foreseeable future.  Just travel on a subway in any major Chinese city - everyone has a smartphone (mostly high-end) and they are consuming subscription content.