"Decoupling" will never happen especially in this highly globalized era, regional economies are inter-woven, like the increased demand for raw materials in China over the decade pushes up the commodity prices all over the world.
The proportion of export and local consumption for China GDP is 60-40, that means the worldwide melt-down will affect China immediately. However, the government is pushing hard to stimulate local consumption in hope for reducing the reliance on export, especially those low value- adding OEM export. It takes time for moving up the value chain, short term trauma is expected, but we will for sure recover much faster than the other regions.
What are we discussing,,,?