Developing Asia

I'm only looking at stocks that do a majority of their business in Asia. The IMF just upgraded its growth target for the US this week. It expects the US to contract at a mere 2.5% this year, and show scorching 0.75% growth in 2010. Meanwhile, the World Bank expects China to grow at 7.2% in 2009 and even faster in 2010. It doesn't take a genius to see where the opportunity lies. I'm thigh-deep in AgFeed after another 150 shares this week, and now I'm looking at Chinese ADRs with good balance sheets. My take on China Nepstar (NYSE: NPD) to follow.