The volatility across global markets and data out of China has unsettled many across the region. While the much-feared 'China Syndrome' is a fanciful worst-case scenario for many, what is happening in the Asian giant today is not the catastrophe many believe.

Too much China commentary focusses on the magnitude or rate of change of growth in the country (or rather the lack of it), the risks in the economy and the implications for global growth.