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I don't know mate. I always like to invest in what I 'know' - you know? And I'd like to think that I've investigated China pretty deeply. I've studied it's history for the last 120 years, and specifically I try to focus in on the culture. What the people are actually 'like'.
For my own business - China is just one of those areas I'm not ready to jump into yet. I'm not averse to ADR's and the like. But man, that's a country that can change and turn it's fortunes on a dime. Who knows. Perhaps in the future. But not right now.
But one of the comments did jump out at me:
"Obviously this author has no idea of how "business" is done in China. The government is the biggest, monopolistic "capitalist" in the country, which in turn makes the shares of those big government-owned firms more attractive."
Now this is someone who understands China. China, in it's entire history (4,000 year history) has been about one thing.
The money. And bending whatever they have to, fortune and fate - to get more money. China gave up on that communistic garbage a long time ago. Now? They're some sort of weird mensheviek like government. It's almost as if the government themselves act like the Emperor used to - but as far as free markets - it's back to business.
And China has always been about business.
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