Despite the recent slowdown, Chinese economic growth will pick up in the second half of 2014, says Benjamin Pedley, HSBC's Hong Kong-based Regional Head of Investment Strategy for Asia. Pedley says worries of an increasingly hawkish Fed's impact on Chinese stocks will likely be offset by BOJ and ECB easing actions. He is bullish on the Chinese technology, food distribution and health care sectors. Finally, Pedley is less concerned about a housing bust because most Chinese own their own homes.

If you liked this article you might like

Financials Trade Close to Flat as Investors Await Clarity From the Fed

5 Alarming Events From Tuesday's Stock Market Rout

North Korea Gives Wall Street Rude Awakening After Labor Day Break

Dow Tanks, Fear Gauge Spikes as United Tech Slumps, North Korea Rattles Nerves