China actually planned to slowdown their economy way back 2007. Foreign investors say they couldn't grow fast enough, and in some ways, it's true that they can't keep up.

There's already been an initiative to make a greener China, and investment banks have already dumped the money in for various infrastructure way in advance. When they stopped funneling money in, China was already heading into a planned slowdown phase.

As for the China going at the expense of the Chinese laborers...that's just how they do business. It may sound crass from the worlds POV, but they will just do anything to make money. If that means you working at sweatshop wages and conditions, then you as the laborer must make the sacrifice for a better China. And let's face it, in tough economic times, people are simply looking for cheaper stuff. Who else can provide that but them?

Do I agree with it? No. Do I think they singlehandedly brought down the US economy? That's absurd. But I don't think people can stop buying Chinese products ASAP either. Orders may have been reduced in the US, but there's still the rest of the world to make up for the difference. And let's face it, their glut of dollar reserves makes them a bit more stable.