For years, analysts have been predicting that China, like Japan before it, would experience a rapid slowdown in growth after its initial economic burst. While it’s still too soon to tell if that is happening, some recent data is suggestive. CNBC reported Sunday that China has revised its growth targets down to 7.5 percent for the year, its lowest target in nearly a decade. On top of this, the inflation target remains relatively high at 4 percent, despite the fact that the Chinese economy consistently failed to meet this target last year, as rapid price hikes shook the nation.For the past decade, China’s rapid growth has given the government legitimacy and kept unrest to a relative minimum. If this is indeed the beginning of a slowdown in China, the country is about to enter a new and very different era.China is appointing a new President at the end of the year. He’ll have his work cut out for him.