With over 400 million subscribers, China Mobile Ltd. (CHL) is the largest provider of mobile telecom services in China. The company trades at a price-earnings multiple of 13.87x despite posting 44.7% quarterly growth.
The classic China blue chip, China Unicom a major provider of cell phones, data and Internet services in the People's Republic of China. China Unicom is trading at 10 times current earnings and very near its current book value.
Baidu.com (BIDU) dominates the Chinese search market the way Google (GOOG) dominates the U.S. market. China has surpassed the United States as the nation with the largest number of internet users.
Baidu.com is currently trading with a price-earnings multiple of just 27.79x despite its strong 91.4% quarterly growth. This compares to Google’s 19.87x earnings multiple with quarterly growth of just 20.6%.
China consumes one-third of the world's aluminum, and China Aluminum (ACH) is its leading supplier. Demand for aluminum is high, with a built in 15% growth rate.
The iShares FTSE/Xinhua China 25 Index (FXI) holds the top 25 largest Chinese companies, including China Mobile, PetroChina (PTR), China Construction Bank (CICHF.PK) and other large names. Currently, the entire index has a price-earnings ratio of just 8.42x despite continued growth in the Chinese economy.
The demand for English-language education is extremely high in China, with consumers willing to pay top dollar to learn to communicate in the global economy. As China's largest private education services company, New Oriental Education and Technology (EDU) is growing rapidly YoY.
China Life Insurance reported premiums income growth of $3.894 billion for September 2009, up 35.7% from last month. This marks the third consecutive month of stronger premiums income for the largest life insurer in China.
This small cap Chinese vaccine maker jumped 53.64% in one day in August.
Shanda Interactive is the largest Chinese online game developer and operator by revenue and has doubled its stock price so far this year.
NetEase is the most profitable Chinese online game company and is posting impressive stock gains so far this year.