Wrong currency! Select Chinese Yuan. Should easily double (against $, in real terms) in about 10 years.
A country that has a government that has that much influence on it's economy and can change the rules overnight is to me is a sure sign of impeding disaster for speculative investments. That said, my wife a former citizen there, has put some speculative investments in the yuan and real estate there, with the understanding that it can all disappear the next day if the Commy government whimsically has a policy change the next day.
China lacks regulation and oversight. The the same time, the government has way to much power over what it can do to "fix" any perceived issues. That in my opinion is a recipe for foreign investors getting screwed. I'm surprised there is so much interest in investing in china from foreigners. Because it will take just one bad storm for everything to eat sh!t in my opinion. This mortgage fiasco here is nothing compared to the level of corruption and red tape that exists over there. Until that is fixed, I'd rather gamble on a depreciating U.S. dollar. Lawsuits are virtually nonexistent. As a foreigner, good luck recovering any losses (if there was fraud, corruption etc).
Just look at how all the product recalls are being handled? Why is the Chiness gov involved in the private sector of toy companies? What's astonishing is how much influence the government has in what a company can and can't do. And to some extent, the Chinese government was shifting the blame on U.S. Corporations for lack of oversight. Doesn't this bother anyone? Compare that to the way the Taiwanese and Japanese in the past have done business. It's a completely different ballgame.
Maybe it's just foolish to think this way. But I think despite a lot foolish things about the U.S. financial systems, it definitely has more rules and regulation than China. And a contrarian viewpoint, I have faith in the system here, more so than overseas.