6 Stocks for Smart China Investors to Consider

By Andrew Hawkins As the economic outlook in the U.S. continues to look bleak, investors are turning to other countries to find returns. Many investors find these returns in China. Here’s a look at six Chinese stocks that are worth having in your portfolio. PetroChina Company (PTR) is an oil and gas producer that operates within the People’s Republic of China. PetroChina is involved in exploration, refining, and distribution of oil. It also has almost 20,000 service stations throughout China. In May, PetroChina announced that it plans to set up three operations centers in New York, London, and Singapore. This is a move that the company says will help it gain greater influence in the global market. It is the largest oil company in China and has a market cap of $256.3 billion. PTR has a few things going for it that makes it a solid bet. Fundamentally, PTR has a price to earnings ratio of 11.67 compared to an industry average of 15.76. It also has a PEG ratio of 0.97 compared to an industry average of 1.43. PetroChina currently has a 12.00 earnings per share ratio. Another plus for PetroChina is that it is currently yielding 3%. It…