Goldman Bull vs Citi Bear

The two views of China's market: this is massive correction, but not surprising or out of proportion considering what came before it. The other view sees all the air coming out of a bubble.
BI: Goldman Sachs: Everyone's wrong on China's 'fast and furious' stock-market collapse

Analyst Kinger Lau and his team think this "deleverage cycle" is two-thirds of the way through. Lau definitely doesn't think this is the start of a sustained slump for China in which artificially inflated values come crashing back to earth.

That's a very different call than that of Citi, which said last week it thought only a quarter of leveraged investors had been forced out and markets had further to fall.

The H-shares are still a better bargain.