The consensus has been that China was likely to endure a soft landing.  I think this is extremely optimistic thinking when you look at their unbelievable growth and expansion over the last decade, particularly in the housing market.  Their real estate bubble is very different than that that was endured in the U.S. because many buyers pay cash, and mortgages require a far greater downpayment.  I’d be wary of companies that are too reliant on Chinese growth unless their valuation reflects these potential problems.

http://www.bloomberg.com/news/2012-03-22/china-manufacturing-may-contract-for-fifth-month-survey-shows.html

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