China won't have a big problem if tightening monetary policy isn't going any further. As a developing country, a emerging economy, small pros as moderate inflation won't be such a big deal under the circumstance of rapid growth. It is the developed economies that are facing real problems, yet still not crisis. US suffers a above 10 unemployment rate ever since the subprime crisis, now the suffering Americans are "Occupying Wall Street". The Euro Zone still has a long way to go to solve the debt crisis. Also, China has a trump card called "strong goverment". If you say crisis, I believe China is the last place where economic crisis is gonna occur.