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Jin ChanPoised to throw in the towel on China? Not so fast. Connect with your inner contrarian and buy when there’s blood in the streets. Now is the perfect time to buy a few select China stocks.

Investors are fleeing like nobody’s business as the former miracle of growth in China falls apart before our very eyes. Even longtime China bull, Ray Dalio of giant hedge fund Bridgewater Associates, recently reversed course on his China view, claiming there are no safe places to invest.

China turbulence threatens the U.S. economy and market. Commodity prices are plunging, suggesting China growth peaked long ago.

Some call China a house of cards not to be trusted. The Chinese government has long manipulated statistics and debt levels to buy stocks are sky high.

While it’s entirely reasonable to view China as a bubble poised to burst, the economy there is far from being in the danger zone of exuberance. The government has plenty of ammunition to fight slow growth, and given the importance of continuing economic momentum, expect that ammunition to be fired. They won’t let the ship sink without a fight.

Chinese stocks listed in the U.S. are stuck in a serious rut of selling. It’s getting pretty bloody out there. If you’re not one to go along with the crowd, consider these three buys now.

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