The China Challenge: Video Roundup
As Mary Thompson reports, there are other, less direct ways to invest in China and cash in on its growth. Investors should look at U.S. companies –- as well as firms from other countries -- with significant business in China or the potential for it.
There's also a commodities play in that China, with the country devouring large amounts of coal, steel and other raw materials as part of an ongoing building boom, which includes facilities for the Beijing Olympic Games scheduled for the summer of 2008.
China's investment in infrastructure and roaring economy in general also mean spending money abroad. Ahead of the May trade talks, Beijing announced some $4.3 billion dollars in deals, what some call "checkbook diplomacy."
As Bertha Coombs reports, the U.S. software industry is a recent beneficiary. Microsoft snagged a billion dollar contract earlier this month, while Symantec just signed a joint venture deal with a Chinese partner.