New-vehicle sales in China have slowed sharply in the last couple of months, but there is no need to fear the kind of collapse that washed out the world's emerging markets in the late 1990s.
China is a long-term play for automakers and suppliers. Sales may slow down from time to time. There may even be a very big speed bump as the local economy adjusts to the need for capital or to other growing pains.
The recent slowdown is largely artificial. China's government clamped down on auto loans in the country.
There is risk in China. But China is going to be big, and automakers and suppliers that want to play in the world will have to be there.