While the theory of economic decoupling between developed and emerging countries seemed swept by the crisis, the latest indicators Chinese could lie all forecasters. These past months have been marked by massive withdrawals of capital invested in Southeast Asia is. The rise in risk aversion since the bankruptcy of Lehman Brothers and the dissemination of economic and financial crisis throughout the world have accelerated the drop in Asian markets - especially the Shanghai Stock Exchange. The contraction of world trade, declining investment and U.S. consumption, but also the collapse of raw materials, have significantly affected the structurally exporters - whether raw or, like China, goods consumption. Chinese exports have sharply declined to 20% yoy. However, there