It remains an open question how much of the downgrading of the rest of the world feeds back upon the U.S. It is a separate channel.
You're absolutely right, but I would remind you that today China's economy is massively bigger than it was five years ago. As a result, 6% feels just the way 7% formerly did. It's important for us to remember that.
Companies that I talk to aren't particularly worried. Their order books are strong.