All these issues concerning China's tightening, crack downs etc. One word, Containment. China feels like there's a containment policy from the US and they needed to act. From percentage of voting right in World institutions to America's pivot to Asia(a military pivot ) and trades. Whether China's containment policy is real or not but the perception is there and sometimes that's all that matters. Chinese economy can't do good when the rest of the world for whom China produces everything is in a recession... Also China can't use the same methods of infrastructure building to avoid economic hardship that they did in 2008 because they've already build up everything that they can in China and most of it is practically empty and non-performing. If they try to build outside of China they should be sure that they will not see any of that money back as has been the case with most of their projects, but they can still get some good assets in those countries. So basically economic hardship is unavoidable.