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This post is part of a 12-article feature on the best bets for investing in China. To see all the other recommendations in this special report, click here.

"The big story behind China Life Insurance (NYSE: LFC) is still the demographic one, as the population of China urbanizing and aging," says Paul Goodwin, a specialist in Asian stocks.

In his Cabot China & Emerging Markets Report, the advisor offers a fascinating look into the company, reviewing its firm's history, it's current state and assessing its future outlook.

Those surprised by the market's strength in recent weeks should be even more impressed with the rebound in China, where both their market and economy have proven among the most resilient in the world.

Global specialist Nicholas Vardy adds, "While the US markets are rising, Asian stocks are on fire." ETF expert Paul Tracy adds, "China funds have screamed to the top of the performance charts."

In large part, this strength is due to the country's stimulus program. Tracy points out, "To combat the sagging global economy, Chinese Premier Wen Jiabao orchestrated a massive 4 trillion yuan ($586 billion) stimulus package.

"China has been my top market recommendation since late in 2008, and it remains so today," says global investing expert Yiannis Mostrous.

In The Silk Road Investor he explains, If the country's stimulus package works (especially on the infrastructure front) expect the Chinese economy to have a V-shaped recovery this year." Here's a looks at two of the advisor's favorites -- China Life Insurance (NYSE: LFC) and Chunghwa Telecom (NYSE: CHT).

"The sustainability of such a recovery will depend on the status of the global economy, though. If the global economy and the credit/banking crisis don't improve by this time next year, the Chinese economy will have more serious problems to deal with.

"For now, though, China seems to be headed for GDP growth of around 8% this year, which is nothing to fret about in the current economic environment.

With all the media buildup leading up to the Olympic Games in Beijing this past summer, just about everyone and their brother was bullish on the China/India emerging market theme.

"Chindia," as it was coined, was supposed to be the next great economic wonder.

The belief that these markets did not need American demand swept international investment circles. Forecasts of double-digit GDP growth continuing for the next several years became the mantra of emerging market funds, and Wall Street analysts got caught up in the commodity bubble, which burst a month before the Olympic torch was lit.

The widely held belief of global economists was that these two sleeping giant economies would lap America in a matter of a few years, as per all the economic extrapolations and white papers published leading up to the Summer Games.

Stocks like Baidu.com (NASDAQ: BIDU), China Mobil (NYSE: CHL), China Life (NYSE: LFC), Huaneng Power (NYSE: HNP), PetroChina (NYSE: PTR), Infosys (NASDAQ: INFY) and Reliance Industries (not listed) seemed bulletproof given the revenue and earnings models being floated by the Chindia bulls.

The Summer Olympics are only days away and what the Chinese had hoped would be their coming out party to celebrate all that is good, may instead become quite the opposite.

The air pollution in Beijing is so bad that even reducing automobile traffic by 50% has not helped much. China is now considering a 90% reduction according to news reports. Athletes are staying in other countries until the games begin so that they may train somewhere they can breathe. There are also reports that many athletes involved in stamina events will be forced to wear masks to protect themselves from the particulates in the air.

Now Reuters is reporting that "Some International Olympic Committee officials cut a deal to let China block sensitive websites despite promises of unrestricted access, a senior IOC official admitted on Wednesday."

So the world media will not be able to do their jobs in a manner they are accustomed to. But who are we actually referring to? Western media, of course, because half the world still limits access to information to some degree.

Markets in Europe and Asia sold off sharply.

The Nikkei fell 2% to 12,755. Toyota (NYSE: TM) was off 2.5% to 4680 yen.

The Hang Seng sold off 3.9% to 21,157. China Life (NYSE: LFC) dropped 6.1% to 26.75 yuan. The Shanghai Composite was down 3.4% to 2,779.

In London, the FTSE dropped 1.4% to 5,225. Barclays (NYSE: BCS) was down 3.7% to 259.75 pence. In Germany, the DAXX was off 1.8% to 6,086.

Data from Reuters.

Douglas A. McIntyre is an editor at 24/7 Wall St.

Markets in Asia and Europe have sold off sharply overnight due to rising concern that the credit markets will get much worse.

The Nikkei was off 2.5% to 13,033. Sony (NYSE:SNE) was down 4.1% to 4420 yen.

The Hang Seng was down 3% to 21,255. China Life (NYSE:LFC) was down 3.9% to 25.90 yuan. China Unicom (NYSE:CHU) was off 3.9% to 14.34

The FTSE opened down 2.6% to 5,368. Barclays (NYSE:BCS) was down 3.5% to 272.25 pence. Many other European banks stocks traded down over 4%.

Data from Reuters.

Douglas A. McIntyre is an editor at 247wallst.com.

Markets in Asia were troubled by rising oil and concerns that the global economy is getting into more trouble as each week passes.

The Shanghai Composite fell 6.5% to 2,749.

In Hong Kong, the Hang Seng fell 2.2% to 22,807. China Life (NYSE: LFC) dropped 3.1% to 28.3 yuan. China Petroluem (NYSE: SNP) fell 3% to 8.07.

In Tokyo, the Nikkei dropped 2.2% to 14,130. Mazda fell 5.5% to 568 yen. Toyota (NYSE: TM) dropped 3.2% to 5490 on concerns that its truck sales were falling in the US.

Data from Reuters.

Douglas A. McIntyre is an editor at 24/7 Wall St.

A number of markets in Asia were down 2% or more lead by the Shanghai Composite which is off 45% since the beginning of the year, according to MarketWatch.

In Japan, the Nikkei dropped 2.1% to 13,888.6. Sony (NYSE:SNE) was down 2.8% to 5,130 yen. Toyota (NYSE:TM) was off 2.7% to 5,400.

The Hang Seng fell 1.7% to 22,925.31. China Life (NYSE:LFC) fell 2.4% to 28.40 yuan. China Petroluem (NYSE:SNP) dropped 2.7% to 7.39.

Data from Reuters.

Douglas A. McIntyre is an editor at 247wallst.com.

As China increased the amount of money that banks need to keep in reserves as a way to reduce lending and curb inflation, the Shanghai Composite fell 7.7% to 3,073. The Hang Seng was down 4.2% to 23,382.

A number of stocks were off over 10%. Some of the shares in China's largest companies suffered significant losses. China Life (NYSE: LFC) was down 5.2% to 29.15 yuan. China Netcom (NYSE: CN) was off 8.9% to 20.95. China Petroleum (NYSE: SNP) was down 7.8% to 7.61.

Data from Reuters.

Douglas A. McIntyre is an editor at 247wallst.com and author of the Ten Stocks Under $10 letter.

China Petroleum & Chemical (NYSE: SNP), an energy and chemical company based in the People's Republic of China, closed at $98.35. WTI Crude Futures are down 0.33% to $123.82 according to Bloomberg. SNP overall option implied volatility of 46 is below its 26-week average of 57 according to Track Data, suggesting decreasing price risk.

China Life Insurance (NYSE: LFC) offers products and services, including individual life insurance, accident insurance and health insurance in China. LFC closed at $62.37. LFC overall option implied volatility of 42 is below its 26-week average of 50, suggesting decreasing price risk.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Way back in early March I highlighted 10 horrifically downtrending stocks and said not to even think about buying them until they broke their nasty trendlines to the upside.

Over the past few weeks, many have displayed solid sideways price action, but it wasn't until yesterday that the high volume breakouts occurred. I'm talking about those 50+ million shares traded, 10%+ price surges beautifully accomplished by such popular names like Sprint Nextel Corp (NYSE: S), Broadcom Corp (NASDAQ: BRCM) and Level 3 Communications Inc (NASDAQ: LVLT).

Unsurprisingly, several other stocks also showed similarly strong price action:

RF Microdevices Inc (NASDAQ: RFMD)
Anadigics Inc (NASDAQ: ANAD)
Skyworks Solutions Inc (NASDAQ: SWKS)
Triquint Semiconductor Inc (NASDAQ: TQNT)
China Life Insurance Co. Ltd (NYSE: LFC)
Raymond James Financial Inc (NYSE: RJF)
Cerner Corp (NASDAQ: CERN)

Markets in Asia were down sharply.

The Nikkei fell 3.1% to 12,918. Canon fell 5% to 4610 yen. KDDI fell 7.8% to 641000. Sony (NYSE:SNE) fell 4.5% to 4050.

The Hang Seng dropped 3.3% to 23,854. China Life (NYSE:LFC) fell 4.8% to 28.9 yuan. PetroChina (NYSE:PTR) fell 4.5% to 9.89.

The Shanghai Composite was of 5.6% to 3,297.

Data from Reuters. .

Douglas A. McIntyre

Most markets in Asia rallied.

The Nikkei was up 4.2% to 13,189. Honda (NYSE: HMC) rose 7.3% to 3110 yen. NEC rose 5.7% to 405. Sony (NYSE: SNE) rose 5.9% to 4300.

The Hang Seng rose 3.6% to 23,595. China Life (NYSE: LFC) rose 5.2% to 26.6 yuan. China Mobile (NYSE: CHL) rose 4.2% to 122.6. China Petroleum (NYSE: SNP) rose 5.5% to 7.26.

The Shanghai Composite rose .6% to 3,448.

Data from Reuters.

Douglas A. McIntyre is an editor at 247wallst.com.

The Nikkei moved up 1.7% to 13,820. KDDI was up 2.6% to 639000 yen. Toyota (NYSE: TM) was up 2.5% to 5240.

The Hang Seng was up 2.1% to 23,129. China Life (NYSE: LFC) was up 4.6% to 27.55 yuan. China Petroleum (NYSE: SNP) was up 5.9% to 6.87.

The Shanghai Composite was up 4.9% to 3,580.

Data from Reuters

Douglas A. McIntyre is an editor at 247wallst.com.