I would never invest my money in China or any chinese-owned company. Corruption,shady accounting practices,etc.
Justice Department probing Chinese accounting http://www.reuters.com/article/2011/09/30/us-china-usa-accou...
Justice Department probing Chinese accounting http://www.reuters.com/article/2011/09/30/us-china-usa-accou...
The perception seems to be that unless you know someone and can get inside information, you can't make money.
Instead, average people put their money into real-estate (1) or put it to work in private lending (2). And then there are the pig farmers who speculate in base metals (3). My coworker didn't mention them though.
1: http://blogs.ft.com/beyond-brics/2011/02/03/chinese-property...
2: http://www.reuters.com/article/2011/09/29/china-economy-runa...
3:http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a...