China's state controled sovereign wealth fund has begun investing in the country's banks after shares hit a 30-month low.
Since US shoppers have been forced to tighten their belts, the scouts are out for a new group of consumers to fill the global spending void.
Strong long-term growth trends underpin the investment case of Sri Lanka, Pakistan, Bangladesh and Vietnam. But the risks outweigh the benefits, writes Maria Merricks.
Prime minister David Cameron has appealed for Britain to emulate the optimism seen in emerging economies such as China and India instead of being overwhelmed by the onslaught of negative data.
VIDEO: ANTHONY BOLTON
China has warned of a possible trade war as the US Senate voted in favour of debating laws which could pressure it to let the renminbi rise.
Fidelity manager sees opportunities within Chinese retail sector after correction.
Asian markets as a whole will not begin to outperform until the European debt crisis is resolved, but consumer stocks in China will serve investors well, according to JO Hambro Capital Management's Paul Wimborne.
Fidelity's China Consumer fund manager Raymond Ma is set to move less defensive as valuations look more attractive after the September sell-off.