What do the following mean for the world economy?

Data Signals Economic Trouble in China
"China announced Thursday that growth in imports had unexpectedly come to a screeching halt in April — rising just 0.3 percent from the same period a year earlier, compared with expectations for an 11 percent increase."
Never Mind Europe. Worry About India.
Per the article, economic growth in India seems to be slowing, with lowest rates of growth amongst the poor. Here a lot of the problems seem governmental in origin if you buy the article's argument - basically barriers to investment and retroactive taxation. On cell centers: "these economically segregated islands of higher productivity suggest that success is achieved by separating oneself from the broader Indian economy, not by integrating with it."