'Fast Money' Recap: Off to China

Editor's Note: The following is a recap of a 'Fast Money' show that originally aired on May 22.

The "Fast Money" crew takes an in-depth look at China and the best China-related investments.

Trading Chinese Stocks

Investors can buy a piece of China when they purchase ADR's (American Depository Receipts) without having to go to China to get the investment exposure. Eric Bolling's favorite ADR's in China is Yanzhou Coal Mining (YZC Quote). Guy Adami likes PetroChina (PTR Quote) because it recently found the largest oil field in China.

He also likes China Mobile(CHL Quote) because it has as many subscribers as the U.S. has people. Pete Najarian also likes the mobile phone play, favoring Baidu.com (BIDU Quote), which he believes is the next Google(GOOG Quote) in China.

Jeff Macke likes video-game play The 9 Limited (NCTY Quote), which recently signed a deal with Electronic Arts (ERTS Quote).

The ETF's

The folks told investors who want to buy the entire Chinese market or who want to be in less-risky individual Chinese stocks to look at Chinese ETF's. Bolling likes the iShares FTSE/Xinhua China 25 Index (FXI Quote) for a ETF play on the the nation.

Macke likes the liquidity in the Chinese ETF's, especially FXI. Najarian says if you're not ready to jump in head over heels into China, take a look at Vanguard Pacific ETF (VPL Quote) because it will give market players exposure to other Asian countries along with China.

Trading China: Multinationals

If as an investors you're not interested in playing Chinese ETF's or ADR's, then you might just want to play China through U.S. multinationals. The crew offered some picks to play China with an American twist. Adami would play material stocks up until August 2008 when the Beijing Olympics begin.