Investors around the world have been on a wild ride, stemming from the concerns about the world's top economy, the United States. While the  global equity markets have taken a tumble, what's the economic impact at all. Here in Asia, investors might get some insight first thing Thursday morning, When  one of the fastest growing economies in the world, China, releases its closely-watched GDP data along with inflation figures.

We're looking at the number of  10.1% for second quarter of GDP. So it is a slowdown, but you know, 10% is still a kind of double-digit growth.

The news from China will come on the hills of a second day of testimony from Federal Reserve Chairman Ben Bernanke, who's noted that the US economy continues to face "numerous difficulties".

The possibility of high energy  crisis, tighter credit    conditions and a still deeper contraction in the housing markets, all represent significant downside risks to the outlook for growth.

As the US consumer spending continues to slow in the rest of the year, and the growth in export from China and rest of Asia will come into slow as well.

This is the Dow sits near  its lowest level in nearly two years. The US dollar's taken a dropping, falling to new lows against the Euro. And investors are trying to get a handle on the troubles facing housing finance giants Fannie Mae and Freddie Mac. Even oil which had been heading in only one direction up 80% since July of last year, has seen  its biggest one-day plunge this week in 17 years. But in the end.

We think that it's too early for China now to worry about slowdown. The inflation is still the major risk.

So maybe a bit of slowdown for China isn't such a bad thing, after all.

Alex Zober, CNN, Hong Kong.