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Ray Prasad shares insights from his recent trips to China and Southeast Asia

• China government officials can act very quickly to implement necessary measures to catalyze growth, but they are treading carefully in terms of the magnitude and scope of any growth-oriented policies so as not to repeat earlier policy mistakes
• China's stance has clearly changed from trying to slow down an overheating economy to engineering a soft landing; credit is flowing, especially to small and mid-sized enterprises, which have been disproportionately affected by the global economic slowdown
• Yet being negative on China is the attitude du jour, but Batterymarch believes that all the ingredients for a turnaround are in place: valuation, sentiment and liquidity