Slower China Economy as Inflation Spikes?

I spotted this article in Bloomberg. China's leadership is changing at just about the same time the economy is slowing. We discussed valuation of the Chinese currency at the last meeting, so I copied some excerpts from the article below as a followup:

Wang, Li, May Inherit Slower China Economy as Inflation Spikes

March 4 (Bloomberg) -- China is naming a new generation of economic leaders just as its breakneck growth is slowing.
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. . . China's concerns are going to shift from the economy being too hot to potentially becoming too cold
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The failure to tame a surge in food prices since last year has led to stampedes, injuries and deaths at shops selling discounted cooking oil, rice and eggs, illustrating the toll on the 300 million Chinese estimated by the World Bank to be living in poverty.

``Inflation is clearly a big problem, the most destabilizing factor right now,'' said Xie. ``It's going to be a big challenge how to bring down inflation without a hard landing; achieving a soft landing is the most important task.''

You can read the full story here.