And while most China investors are far from overly bullish on China, nor subscribe to any saintly view of its economic management, the prevailing consensus among portfolio managers who continue to put money to work in China is this: China may be down, but it is not out.
"This is like China's participation in the Olympics, " he said.
The major exception to this trend is China, which is sitting on a large stockpile that it built up during 2009, but is expected to be used up during the coming months.
This is the mass production that China is famed for, with the company today employing a total of 1, 500 people and making around seven million pairs of scissors and three million knives a year.
This is partly because China has become expensive compared with elsewhere in Asia.
There are some signs that this is happening in China, where the household consumption rate continued to fall in 2012.
They recognized that this is important in China that the -- the exchange rate to absorb more of the adjustment.
This is a newer China, racing into middle income status and all the complexities and slowness that comes along with it.
This continuing mission is China's first active naval deployment beyond the Pacific.
By contrast, though India's annualised growth rate of around 6% this year is below China's heady levels, it is impressive against a backdrop of global turmoil.
Obviously this is the very reason why China Mobile is getting cosy with Qualcomm, the company who has SoCs that support all these radios.
This is not to say that China, itself, is entering a recession, but a slower growth rate there (2nd largest economy) in combination with growth issues in the US (largest economy), Japan (3rd largest), and a significant recession in Europe bodes ill for worldwide growth and will eventually play out in the equity markets.
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This is an incredible statistic considering that China is only in the early stages of smartphone adoption. 3G penetration in China stands at only about 18% currently and is growing strongly.
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This is an incredible statistic considering that China is only in the early stages of smartphone adoption. 3G penetration in China stands at only about 19% currently and is growing strongly.
This is an incredible statistic considering that China is only in the early stages of smartphone adoption. 3G penetration in China stands at only about 20% currently and is growing strongly.
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Second, Apple is beginning to make real traction in China and this is a pivotal market for upscale retailers.
Such water scarcity is nothing new for this part of China, and neither is government attention to the issue.
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Gold prices are also feeling some selling pressure this week from the fact China is celebrating the lunar new year this week, which has curtailed physical demand for the precious yellow metal coming out of Asia.
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But in China this is a national craze, and rabid fans treat top players like stars.
"Considering this is the biggest event China have had had it would be very special to have my name associated with it, " he said.
This is what some of China's best and brightest call home: the teachers' housing at People's University, one of the country's top institutions of higher learning.
Although the exact composition of this basket is considered by China to be a state secret, experts believe that it may include anywhere from 15 to 20 different currencies.
This is more prevalent in China but also elsewhere.
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