The experience has been painful for investors, but many feel the decline represents a rare buying opportunity in Asia. There might be worse to come, but almost universally, analysts and fund managers feel that investors with a long-term view will be rewarded. The question is: where to pick? The consuming issue of the moment is just what is happening to China. Chinas economy is slowing, but all things are relative: It has slowed from 11.9 percent year-on-year GDP growth in 2007 to 10.1 percent in the second quarter of 2008, which by the standards of any other market is still breakneck speed.
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