Cramer's 'Stop Trading!': How to Play China

Stock quotes in this article: CHL , PTR  

"I truly believe that China can be an engine," said Jim Cramer on CNBC's "Stop Trading!" segment on Monday. "China is taking this whole problem worldwide very seriously, and they have the capital to do something about it."

China's stimulus package is "real," he said, which is why he likes China Mobile(CHL Quote) and why "it's very easy to get behind PetroChina(PTR Quote)." "China's terrific," he said.

As for Treasury Secretary Geithner, his "recklessness is shocking," Cramer said. Rather than "come out and give us a plan," Geithner merely communicates with reporters, Cramer said. "What we get is pure chaos, and the chaos is reflected in the averages."

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At the time of publication, Cramer had no positions in stocks mentioned.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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