Don't Count Your Recoveries Before They're Hatched

Although both China's president, Hu Jintao, and its prime minister, Wen Jiabao, have issued confident statements in recent days saying the country is largely on track to resume growth of as much as 8 percent for 2009, there are ample reasons to warn that increasing calls to investors to buy into the China story are premature.

Goldman Sachs is just one of…