China Investment Plays: Commodities, Consumers, ETFs

China's economy is growing at a rate of 10% a year. And, as CNBC's Mary Thompson reported on "Closing Bell," it seems as if every analyst has a strategy to invest there. Donald Straszheim, vice chairman of Roth Capital Partners; Craig Columbus, chief market strategist at Greenbook Financial Services, and Alec Young, international equity strategist at Standard and Poor's, each offered ways to play China.

Straszheim pointed to China's huge appetite for commodities. He said if "they continue to manufacture and export -- the core of their economic growth -- they'll continue to buy." He suggests investing in both real fuel (oil, coal and natural gas) and industrial fuel (iron, copper, lead and nickel).

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Columbus noted external plays in China's economy, such as funds based out of Malaysia and Canada. He likes a "direct commodity play," PowerShares DB Base Metals, and a "direct ETF play," PowerShares Golden Dragon.

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Young advises investors to reverse gears, and look into U.S. companies selling consumer staples to China. He named Wm. Wrigley Jr., Campbell Soup, Procter & Gamble and Avon Products -- the latter enjoying a retro renaissance, as door-to-door sales grow in popularity.