The Chinese are concerned because GDP “growth” might dip down to five percent? I guess I don’t understand the problem. US GDP growth was in the doldrums for the entire Obama administration and we survived. There must be some other underlying weakness in the Chinese economy (debt?) that the GDP growth is covering up. This weakness must have some cascading failure mechanism that is causing panic. I suspect that the Chinses managed economy is a giant cow pie covered with cherry lip gloss.
Here’s the US GDP growth for comparison.
https://tradingeconomics.com/united-states/gdp-growth
China is currently running an even higher trade surplus against America, than they did last year.
And last year was an all-time record.
Between any two countries. Ever.
https://census.gov/foreign-trade/balance/c5700.html
China’s economy is largely fictional and growth at 5% is riots in the streets numbers.