China\'s economy is on a smooth and controlled slowdown, President Xi Jinping said on Monday, emphasising there was no reason to fear a hard landing. \"The change... has on the whole been smooth,\" Xi told an Asia-Pacific business forum, after detailing the slowing of the world\'s second biggest economy from 2011. \"Nothing has come as a surprise... the slowdown of the Chinese economy is an intended result of our own regulatory initiatives.\"