Back on August 25th, we looked at the "increasing risks for the Chinese growth stocks" after they had suffered some significant declines. Investors who had entered the larger names, Blackmore's and Bellamy's earlier in the year, were losing money compared to the ASX200, which was mildly ahead. Chasing easy fast money has always been dangerous when people lose sight of valuations and this sector felt like a lot of "Fear of Missing Out" (FOMO) was at play. Today with global markets very quiet ahead of both the US and Japan's central banks updates, we thought it would be an ideal time to review this growth area where many retail investors have put their money to work. With rising interest rates on the horizon, the growth story becomes far more compelling than chasing yield. We are firm believers that the expansion of the Chinese middle class is in its early stages, so this is an area we want to keep a very close eye on.