To be perfectly honest, I think the Chinese situation is bit overhyped. Yes, they're some concerns around the regulation of their markets, but how do we know where to even start let alone their authorities. It's the situation created by them and the bubble is burst now and reality bites!!!
Its time each market stands on their merit to large extent, agreed we can't ignore what's happening around us but we can't get go on forever on their plight!!!
just my 2c...