ChinaCast Education
ChinaCast Education Corp. /quotes/comstock/15*!cast/quotes/nls/cast (CAST 6.64, -0.21, -3.07%) is a leader in China's e-learning business. The company provides long-distance interactive learning to over 131,000 students at 15 colleges and 6,500 secondary schools. The company's e-learning business accounts for 75% of its total revenues, and this segment is growing rapidly as more Chinese enroll in college classes. The company is growing at the rate of over 20% a year, but despite this strong growth the stock still trades at very attractive valuations -- especially after the recent pullback.
China Green Agriculture
China Green Agriculture Inc. /quotes/comstock/13*!cga/quotes/nls/cga (CGA 14.33, -0.51, -3.44%) has one of the most recognizable brand names in Chinese fertilizers today. The company also has a big competitive advantage over its rivals due in part to its strong research and development facilities. China Green Agriculture recently announced a new sales strategy for fiscal years 2010 through 2012 that is expected to increase sales volume by around 40% per year. This plan includes opening numerous retail stores across the country, and while the plan is indeed ambitious, I think it will be fully achievable given the company's tremendous growth record.
China Life Insurance
If I asked people to name the most explosive sectors in Asia, I doubt many would put insurance on the list. Yet in China, the insurance industry is growing at a breakneck pace as the Chinese middle class expands and people take charge of their own destinies. In the coming years, I expect China to become the largest insurance market in the world. Taking advantage of this trend is China Life Insurance Ltd. /quotes/comstock/13*!lfc/quotes/nls/lfc (LFC 66.04, +0.91, +1.40%) As the life insurance industry leader with about a 50% market share, China Life is the dominant player in an extremely underdeveloped insurance market. This position means China Life is perfectly positioned to build on its massive market share.