Much is being made of the refusal of China to accept David Cameron on a trip to China due to his meeting with the Dalai Lama. Also there is talk of CIC not being allowed to invest in UK Infrastructure projects.
Diddums, sometimes you have to stand up for yourself and China does not cover itself in Glory with its aggressive occupancy of Tibet. China has after all as much right to Tibet as Saddam Hussein did to Kuwait.
As for the Infrastructure projects, with so much quantitatively eased money slushing around the system at the moment I can't for a minute believe that other funds won't step in where China fears to tread, unless the underpinning economics are too bad; in which case CIC was not the answer anyway.
More interestingly for the global markets are the graphs above. China's industrial growth has deteriorated since the huge stimulus pushed into the economy post the financial crash. This stimulus was 100% of GDP. Retails sales are falling and imports growing, good for the West but less good signs for China as a whole as the trade balance which provides its economic strength begins to falter.
There are big changes ahead to the global economy as china begins to start its descent from insane growth levels back down to more believable levels. Demographics also are pushing China into a more moderate phase as the workforce begins to shrink. China's growth and power has a still a long way to rise, but the curve is catching up with it. Sooner or later there will be a huge asset bust in China which will prove a big hiccough - but the impact that will have on its politics will be interesting to see.