"We expect the Chinese economy to grow by 10 percent this year despite a US-led global economic slowdown," said Liang Hong, an economist with Goldman Sachs in Hong Kong. "Strong domestic demand, especially investment growth, is expected to sustain the overall GDP growth, though the export growth is set to slow down."

China has an average GDP growth of 10.6 percent over the past five years, thanks to its blistering export growth and strong investment. Yet the worsening US subprime crisis is stoking concerns that the world's fourth-largest economy may loose its steam when American consumers tighten their purse strings against Chinese goods.

China's GDP was never that "coupled" with US growth, Bank of America economist Wang Tao said, because its exports have been diversified in destination and products.

A Standard Charted Bank report says the US now accounts for only about 16 percent of China's exports, compared to 25 percent in 2001. Booming emerging markets, including Latin America and Africa, now buy

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