Investing in China’s Economic Potential

I was recently at a very informative seminar on China's economic potential hosted by Clearsight Investment Program from Wellington West Capital.  It is surprising to see the economic growth registered by China in the past few years and one wonders how fast and for how long would a country be able to sustain such growth.  

Undoubtedly, in the past few years, there has been an immense market appreciation and as a result, many profited from such market movements.  More concretely, the billionaire investor Warren Buffet, through his company Berkshire Hathaway Inc., recorded 64% increase in profits in the third-quarter of 2007 on an 800% gain on a stake in PetroChina Co.  Furthermore, there are currently 106 billionaires in China, 700% higher than last year.  This is just a testament to the rapidly growing economy of this country.  My only question: is there a speculative bubble in the Chinese market; if so, are we anticipating a market correction?

Here are some websites you can visit for more information on this: 

http://www.bloomberg.com/apps/news?pid=20601087&sid=abvy_cUjUwmI&refer=home

http://www.fin24.co.za/articles/default/display_article.aspx?ArticleId=1518-1783_2199270