David Cui, BoofA ML's top rated China analyst is out with a presentation on China's systemic risk in the event of a hard landing. He thinks there is still some downside risk but in the near term they appear oversold. He highlights the risks with a hard landing - which he believes won't happen until 2013. Given China's importance to the global economy I thought this research was particularly interesting.
China the Systematic Risks 11090934