China FXI - it is still there and growing.

Do not confuse market and economy in places like China. My call on Parabolic rise and coming down last year was right on the money, like it was excessive then so it is unsustainable on the downside now. China do not have to do all those bailouts USA did, but they can chose to do all those stimulus like in USA using their Reserves of 1.9 trillion. It is happening already: Agri reform - slaves will be able to sell their land for the first time, Infrastructure - railroads spending in trillions of local currency. Housing and debt problem are disconnected in China: level of borrowing still at its infancy compare to developed world. Nothing will be perfect, but markets have discounted China rising below 5% already. Oil below 100 and recent commodities prices are big presents to the hard working people there, they will scoop the world resources exchanging worthless US Dollars from the reserves for securing Supply of precious commodities.