The best way to describe China Life Insurance ( LFC) is as the MetLife ( MET) of China -- only bigger. In fact, China Life is five times larger than MetLife in terms of market capitalization. The Chinese economy continues to grow at a rapid pace, of about 9.5% -- albeit at a much slower rate than it experienced over the past few years. As more Chinese purchase automobiles, the need for insurance will increase. Chinese savings will be poured into annuities and life insurance products. >>5 Life Insurance Stocks With Up to 64% Upside China Life, which was founded in 1949 and is well-established throughout the country, has a very strong balance sheet with very little debt. I first bought shares of China Life when shares were publically issued in the ADR market in 2004 and have followed it ever since. I sold shares over time, liquidating the last small amount at just under $47 earlier this year. With the stock now selling at $35, below price levels of the financial crisis of 2008-2009, I am seriously considering re-entering a position in the stock. >>Practice your stock trading strategies and win cash in our stock game.Telefonos de Mexico If China Life is the MetLife of China, then Telefonos de Mexico ( TMX), commonly referred to as Telmex, is the AT&T ( T) of Mexico. And at its helm is the Warren Buffett of Mexico, Carlos Slim, who also controls America Movil ( AMX), the Latin American wireless communications company. Telmex provides telecommunications services such as long distance and broadband services throughout Mexico and in Latin America. Telmex declined 5.35% last week, excluding its quarterly ex-dividend of 23 cents. Most of that decline was forex-related; the Mexican peso fell 4.8% last week. Just as AT&T is a low-growth high-yielding stock, so is Telmex, with a dividend of about 6%. >>20 Top-Yielding Telecom Stocks Of all the stocks I have placed in this portfolio, Telmex is the one that offers the most consistent long-term stock price stability with excellent income generation. Please note for those of you who look at charts that the company issued a one-time special $17 dividend in June 2008.