By Kevin Grewal, Editorial Director at

Is China prospering while many other nations are suffering?

I pose that question because China's National Bureau of Statistics recently reported that the nation's GDP growth at the end of the second quarter was 7.9%, up from 6.1% in the first quarter, setting a trend that will likely enable the emerging nation to surpass its 8% targeted rate.

The answer lies in a surge in domestic consumption from China's massive stimulus package, which distributed 4 trillion yuan and amplified bank lending. As a result, Chinese consumers started spending more purchasing cars, homes and other goods. This in conjunction with a boost in consumer confidence, in which more than half of China believes that its economy is strong and rebounding and attracting investors.

The enormous scope for further development makes China appealing as well. Some prominent analysts believe that no matter what one invests in over the medium and long term, a currency appreciation will favor investors as the dollar weakens against the yuan.

As long as Chinese consumers keep spending and consumer confidence remains high, the emerging power will sustain its rebound from the collateral damage of the developed world's credit crunch and continue to prosper.

Here are some easy ways to gain exposure to China:

The PowerShares Golden Dragon Halter USX China Portfolio ( PGJ), which has performed very well since March low of $11.82 to close at $22.08 on July 20, an 87% increase.

The iShares FTSE/Xinhua China 25 Index ( FXI), up 79% from a March low of $22.80 to close at $40.92 on July 20.

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