Indeed, the evidence is pointing to a winning hand for investors in Chinese equities. Not only is GDP finally trending upward, but leaders have more boldly expressed a willingness to employ monetary/fiscal stimulus to support a 7.5% growth rate. (They're likely to see north of 8% without stimulative measures.) With a variety of benchmark indexes offering forward P/Es of nine to 10, stocks tied to China look better than they have in years. While there are those who may view exchange-traded favorites like GXC and iShares FTSE China 25 ( FXI) as lower risk assets due to their diversification, I tend to favor trading partners in the Asia-Pacific region. If you're intrigued by the manufacturing angle, iShares MSCI Australia ( EWA) beckons as one of China's most important providers of materials. (Also, you shouldn't shake a stick at that 4.1% SEC distribution yield.) South Korea, as represented by the iShares MSCI South Korea Index ( EWY), is another key trading partner with China. Whereas the U.S. and Europe import a staggering amount of goods/services from the mainland, Korea, the fifth largest trading partner, is a net exporter. For believers in the idea that China is in the process of transitioning to a powerful consumer class, EWY is a solid ETF in the Asian neighborhood. Follow @ETFexpertThis article was written by an independent contributor, separate from TheStreet's regular news coverage.