The lesson China learned from the 2008 Olympics is that ‘control works.’ Beijing is increasingly confident that their economic strategy is a winning one. With the 2008 U.S. financial meltdown, China won’t listen to economic or market suggestions from the U.S. China is looking to solidify its central planning powers, not to give them to the marketplace. China – Washington trade frictions are rising. The 2009 global recession is hurting China, and the domestic focus is now on lifting growth rather than on fighting inflation. So how much does China slow? What does this mean for equities, profits, trade, FDI, China's sovereign wealth fund, global M&A, and the currency? And what about China and the commodity markets, energy, and the environment?