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Via the latest note from BlackRock Investment Institute, which covers a wise scope, this on China and Chinese shares. I've bolded the more encouraging bit:

• We ... cut emerging market (EM) stocks, including Chinese equities, to neutral from overweight as China's
  property sector remains a drag even with growth showing signs of stabilizing

That's about for the good China news in the note though. More:

• China's restart is losing steam and we don't see valuations compelling
  enough to turn overweight
• see only limited policy
  stimulus from China

In the screenshot the black dot is the 'previous' view:

Also, this:

• Geopolitical fragmentation, like the strategic competition between the U.S. and China, is set to rewire global supply
  chains

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The BlackRock Investment Institute is an arm of U.S.-based investment firm BlackRock that provides proprietary investment research.