Aluminum Corp. of China is one of the stocks owned by the Claymore/BNY BRIC exchange-traded fund. Other Claymore holdings can be tracked by checking out the Claymore/BNY BRIC ETF portfolio on Stockpickr.

Another stock with a high-yield dividend is Seaspan ( SSW), which is involved in the transportation of deepsea containers. Although the company was established in the Marshall Islands, its main operations are located in Hong Kong. The company's dividend generates a yield of 6.3% and has been paid out quarterly. Seaspan has a trailing P/E of 35, a forward P/E of 23 and a PEG ratio of 2.5.

Take a look at another Chinese high-yield dividend play, Cnooc ( CEO). This oil exploration and development company has a dividend of 3.7%. Cnooc is in great financial shape, with $4.7 billion in cash and less than $200,000 of debt. It has strong financials as well, with a trailing P/E of 9.4 and a PEG ratio of 0.3.

Cnooc is owned by Renaissance Technologies, a New York-based hedge fund with excellent returns. Head over to Stockpickr to see the other companies that are part of the Renaissance Technologies portfolio.

India is the second-largest country in the world in terms of population, and is the most populous liberal democracy in the world. It also has the fourth-largest economy in the world, and is a great place to find high-yield dividend stocks.

If you liked this article you might like

This Week's 'Barron's' Roundup

This Week's 'Barron's' Roundup

This Week's 'Barron's' Roundup

This Week's 'Barron's' Roundup

This Week's 'Barron's' Roundup

This Week's 'Barron's' Roundup

This Week's 'Barron's' Roundup

This Week's 'Barron's' Roundup

This Week's 'Barron's' Roundup

This Week's 'Barron's' Roundup