This pick is NOT intended as a trading position.There will be more pain as more export oriented factories go under but I have faith in the ability of the management to deal with troubles as they arise-I expect China to use its massive cash reserves to boost infrastructure spending and will manage a shift to boosting domestic consumption.India has the potential but lacks effective leadership thereby will be relegated to an also ran.At the risk of having my head on a platter,China will be one country where I would take the usual financial industry adivce of continous systematic regular investment into an index fund.Will China overtake America and take over the world -not really.They will manage to screw things up just like China but it will end up like China a major developed market.The rerating will be very profitable and will take years to occur.When books come up how China is going to rule the world and so and so forth,I intend to sell FXI and buy  the DOW maybe 10 years from now.