"But instead of investing in companies that are specific developers, such as road developers or power-plant builders, we like to invest in companies that play a role in every aspect of development.

"We did this many years ago when the U.S. was undergoing substantial infrastructure improvements. Instead of investing in specific developers, we invested in Caterpillar. The tractor company was supplying equipment to all of the developers and saw a huge increase in business.

"In much the same way, RINO International is a leader in environmental protection equipment for the iron and steel industry in China.

"RINO designs wastewater treatment, flue gas desulphurization equipment, and high temperature anti-oxidation systems, which are all designed to reduce either industrial pollution and/or improve energy utilization.

"As the economy of China grows, it will need more and more metal to build everything from bridges to subways, power plants to water treatment plants.

"All of them will require massive amounts of iron and steel. Every company involved in the country's infrastructure will likely use RINO in some way. This is an awesome opportunity to profit from China's growth.

"Best of all, we've got a window to buy the stock at a discount. It's been moving up steadily since last November. But in October, the stock dropped hard.

"While the drop hasn't done any real damage to the stock, it does give us the opportunity to buy in at a cheap price. We're buying RINO up to $30 and expect it to hit a target price of $40."

Steven Halpern's TheStockAdvisors.com offers a free daily overview of the favorite stock picks and investment ideas from the nation's leading financial newsletter advisors.