The Chinese government, which has been focused on tempering economic growth to ease asset price valuation increases and inflationary concerns, appears to have engineered a soft landing for the economy. The ISM figures released yesterday look good.
http://www.businessweek.com/news/2010-09-01/china-manufacturing-bounces-back-from-low-in-stabilization-sign.html
Meanwhile Citigroup bets on expansion in China
http://www.bloomberg.com/news/print/2010-08-31/citigroup-plans-to-almost-triple-china-workforce-to-12-000-in-three-years.html