GO
Loading...

Renewed Interest In China

Investors are taking a new look at China after Secretary of State Hillary Rodham Clinton received a glowing review following her weekend visit.

Chinese Foreign Ministry spokesman Ma Zhaoxu said that the visit produced "positive results," and that the two countries are "sincerely willing to promote their relations."

"Through the visit, the two countries have built up mutual understanding ... which will help the bilateral relations develop in a sound and stable manner in a new era," Ma said at a news briefing.

What’s the trade?

There aren't a lot of trading options because China only allows its nationals to own stock in its domestic firms. But if you’re tempted to play the space with the FXI, don’t do it, counsels Karabell. The ETF is largely made up of “insurance names and oil names. If you want to own those names buy them outright and not through the FXI.”

Instread Karabell recommends a consumer play. “China is probably the most vibrant consumer story in the world today.” And as a result, he likes Internet stocks SINA Baidu and Sohu because they’re all generating huge incomes and still have enormous growth potential.


______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to fastmoney@cnbc.com.

Trader disclosure: On Feb. 24th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Najarian Owns (MSFT), (PALM); Najarian Owns (GE) Put Spread; Najarian Owns (FCX) & (FCX) Calls; Najarian Owns (GDX) & (GDX) Short Calls; Najarian Owns (HPQ) Calls; Najarian Owns (JPM) & (JPM) Calls; Najarian Owns (MS) & (MS) Short Calls; Najarian Owns (MOS) Call Spread; Najarian Owns (X) Put Spread; Seymour Owns (AAPL), (EEM), (MON), (BAC), (FXI), (VIP), (MS), (SSL) Seymour's Firm Owns (FCX), (COP); Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Macke Owns (MS), (TM), (DIS); Terranova Owns (DIS), (FXC), (XBI), (KCE); Terranova Owns (AMGN) & (AMGN) Puts; Terranova Owns (IBM) Call Spread; Terraova Owns Nymex MACI Oil Futures

CNBC.com with wires

Symbol
Price
 
Change
%Change
BIDU
---
FLEX
---
SINA
---
SOHU
---

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET

Halftime Report