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Recent signs that China's economic slowdown is worsening has fueled fears a so-called hard landing. But even if that happens, many investors believe the world's second-largest economy has a big-enough safety net to contain the damage.
Decelerating growth in China would have substantial effects around the global economy, which is reeling from the European debt crisis and the lingering fears that the U.S. is speeding toward the edge of a fiscal cliff.
Most economists believe that the so-called hard landing, often described as growth that would slip under 7 percent or so, is avoidable.
But in a world where several crises in recent years have ended up much worse than they looked on the surface, Chinese policy makers won't be taking any chances, experts on the country's economy say.
"If a hard landing comes, obviously it's a major global issue because Europe's going nowhere and the United States is stagnating," said Michael Yoshikami, CEO and founder of Destination Wealth Management in San Francisco. "You're looking at a serious global event, obviously. It's not just China who's going be suffering."
Yoshikami just returned from a trip to Shanghai, where he said business is brisk.
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