China has been through some rocky times this year, at least by the country's rapid-growth standards. But recent economic reports suggest that government stimulus efforts have been effective and conditions may have hit bottom. With a new PMI report on economic activity coming next week, how do you trade the prospect of a rebounding Chinese economy?
Gina Sanchez, director of equity and asset allocation strategy at Roubini Global Economics, says that so far, "the PMIs affirm that China is having a stimulus-induced growth bounce." But she told CNBC's Melissa Lee it will be short term, adding that her firm's forecast is for 8% growth in the first half of 2013 - and just 5% by the start of 2014.
Even so, the prospect of a relatively sustained period of strong Chinese economic activity has Amelia Bourdeau, director of foreign exchange at Westpac Institutional Bank, in a bullish mood. "I do think that China data has bottomed and it's turning up," she says.