China

Neil Gregson is cutting exposure to gold mining stocks in the City Natural Resources High Yield trust as he sees better value in base metal miners.

Newton's Paul Brain is building up his exposure to the renminbi on expectations it will continue to appreciate against the US dollar.

Renowned stockpicker Anthony Bolton has wasted no time getting down to business in the Far East, fully investing his £471m China Special Situations trust.

China's GDP growth rate slowed to 10.3% in the second quarter, down from 11.9% the previous quarter, as the Government made efforts to cool the overheating economy.

Anthony Bolton has built up a strong exposure to mid and small-cap stocks in his Fidelity China trust as the esteemed stockpicker aims to tap into the country's increasing domestic consumption.

Newton's Paul Brain is building up his exposure to the renminbi on expectations it will continue to appreciate against the US dollar.

ASIA

China bought up to €400m of Spanish 10-year bonds last week as Asian investors returned to the peripheral eurozone markets.

Standard Chartered has told clients to prepare for a fall in property prices of up to 30% in large Chinese cities as the delayed effects of monetary tightening begin to bite.

Anthony Bolton's Fidelity China Special Situations trust is now fully invested as the manager expects a resumption of the bull market later in the year.