China's 'new economy', focused on consumer demand and the service sectors, is accelerating.
If the recent sell-off can be attributed to any single factor, it has been events in China - and particularly its currency.
FX reserves approaching IMF danger level
Dependent on inflation expectations
Equity markets have taken a pounding this year as the oil price collapse and fears about China spook investors.
Market had volatile start to the year
What will affect investor sentiment in 2016?
In the second part of this special Big Question feature, investors and managers explain their portfolio positioning during a tough start to the year.
While the Chinese economy is undergoing a structural slowdown, it would be incorrect to translate this into an assumption for an imminent 'hard landing' given that policy makers still have significant flexibility to support growth.
Analysis from Kepler Partners