China is hot again.
China-linked shares are surging on the Hong Kong stockmarket, and hotels all over the country are filling up as foreign businessmen chase investment opportunities created by Beijing's imminent entry into the World Trade Organization. China's time is now. Underpinning the enthusiasm is the broadest array of positive economic indicators that China has seen since 1997, when the Asian Crisis helped push it into a deflationary spiral. Domestic demand also showed signs of rebounding. Confidence is picking up.