Eric Bolling adds as growth in China occurs, peasants move from farms to the cities and that creates a demand for electricity. In China, Eric explains electricity is mostly produced by coal. Consequently, Eric likes Yanzhou Coal Mining Co.(YZC) as a coal play.
Guy Adami likes PetroChina (PTR) because they just found the largest oil find in the last 30 years in China. Guy adds there are potentially 7.5 billion barrels of oil in this field. Guy also likes China Mobil (CHL) because they have 321 million subscribers with room to grow. (In case you’re wondering, that’s about the entire population of the US)
Pete Najarian also likes the mobile play and Baidu (BIDU) which he thinks could become the next Google (GOOG).
Jeff Macke likes video game maker The 9 Limited (NCTY) because they’ve signed a deal with US based Electronic Arts (ERTS).
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Trader disclosure: On May 22, 2007 (the day this show was taped), the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Macke Owns (SWY); Najarian Owns (MDT), (STI); Bollings Owns Coffee, Sugar, Gold, Silver; Bolling Owns March Natural Gas Futures and Is Short April natural Gas Futures