Yes I would agree that "China: Short-term correction over" particularly if you consider that this country will be the epicenter of global economic growth in the 21st. With preparations for the summer Olympics well underway, Beijing has made impressive improvements in its infrastructure for example China is working extremely hard to become a responsible and respectful member of the global community. If you speak Mandarin and read through Chinese newspapers every day, making frequent trips over there is an advantage tn better understanding of the China Miracle.
I remain bullish going forward!