Chinese growth was becoming less dependent on exports as global demand flattened out:<p><a href="http:&#x2F;&#x2F;www.usfunds.com&#x2F;media&#x2F;images&#x2F;frank-talk-images&#x2F;2012-frank-talk-images&#x2F;2012-ft-jan-jun&#x2F;ChinaGDPgrowth-041212.gif" rel="nofollow">http:&#x2F;&#x2F;www.usfunds.com&#x2F;media&#x2F;images&#x2F;frank-talk-images&#x2F;2012-f...</a><p>The current growth slowdown is largely due to decreased domestic consumption growth:<p><a href="http:&#x2F;&#x2F;www.brookings.edu&#x2F;~&#x2F;media&#x2F;Research&#x2F;Files&#x2F;Blogs&#x2F;2014&#x2F;04&#x2F;22-china-growth-data&#x2F;china-contributions-gdp-growth-dollar-2.jpg?la=en" rel="nofollow">http:&#x2F;&#x2F;www.brookings.edu&#x2F;~&#x2F;media&#x2F;Research&#x2F;Files&#x2F;Blogs&#x2F;2014&#x2F;0...</a><p>Of the top listed companies in Shanghai, most are banks, petro, insurance, energy, etc. that are domestic driven (the SSE website is down at the moment but the list is here: <a href="http:&#x2F;&#x2F;english.sse.com.cn&#x2F;listed&#x2F;list&#x2F;" rel="nofollow">http:&#x2F;&#x2F;english.sse.com.cn&#x2F;listed&#x2F;list&#x2F;</a>)<p>I don&#x27;t think there were many expecting that a public company investment in China would be supported by exports.