There is one reason to be bullish on China despite its recent downturn, Andres Garcia-Amaya said Thursday: Real estate.
"China's real estate is starting to find a bottom. If you remember, the whole bear case for China was this collapse in real estate. They've had three months in a row of upticks in prices," J.P. Morgan Asset Management's emerging market analyst told CNBC's "Fast Money: Halftime Report."
"If you continue to see that, the bears are going to have less legs to stand on," he said.