"Whereas China wiped out Korea's textile industry, Bangladesh or Cambodia won't wipe out China's, " says Ben Simpfendorfer of Silk Road Economics in Hong Kong.

WSJ: Bangladesh Unrest Risks Derailing Its Textile Boon

"Clearly there are mutual interests in terms of large energy suppliers and consumers, but there will be stress points, of course, " said Ben Simpfendorfer, co-founder of Silk Road Associates, an investment advisory firm specializing on trade between the Middle East and Far East Asia.

CNN: Middle East and China forge ties over oil

What matters more than a difference of a few tenths of a percentage point in growth from quarter to quarter is whether Chinese leaders are allowing the private sector to flourish by reducing the role of state industry in the economy, said Ben Simpfendorfer, managing director of Silk Road Associates, a consulting firm in Hong Kong.

NPR: China's Struggle To Measure Economy Clouds Outlook