China's slowing, but is there still value?

Few regions polarise investor opinion to such extremes as China. However, the reality has been, and remains, more prosaic than headline writers would have you believe. This is a reflection on the competence of the leadership in Beijing, which has a formidable track record of successfully implementing appropriate economic policy, walking a fine line between, on the one hand, cooling the economy so it does not overheat and, on the other hand, not cooling so much as to accidentally provoke a hard landing. Growth slowdown The first point to make when assessing the prospects for 2012 is ...