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I personally don't care for Chinese stocks; after all, it is a Communist country. But many investors are willing to take the risk. Features of China include:
* It is one of the BRIC countries
* It is the largest country in the world by population
* It has the second largest GDP by purchasing power parity
* It is the second largest exporter in the world
* It is the third largest importer in the world
* Approximately 91% of the population is literate.

If you are going to invest in China, you might as well get paid for it, so look for stocks that pay dividends. Stocks with yields return your capital faster and can help reduce volatility. WallStreetNewsNetwork.com has just updated its list of China stocks that pay dividends. Unfortunately, many of them have very short track records (some as short as one year) and most pay their dividends annually. But you may be able to find a few gems.

Guangshen Railway (GSH) is a large railway in Guangdong Province of the People's Republic of China. It pays a yield of 3.2% and pays dividends annually. The company has paid dividends since 1997.

PetroChina Co. Ltd. (PTR) has been paying dividends since the year 2000, and pays semi-annually (twice a year), most recently in May and September. This producer of oil and natural gas has a forward P/E of 10 and pays a yield of 2.8%.

Yanzhou Coal Mining Co. Ltd. (YZC) has paid dividends since 1999, but only pays annually. The had a 5 for 1 slit last year. This coal mining company has a yield of 1.8%.

Another China company with a long term track record of paying dividends is China Petroleum & Chemical Corp. (SNP), which has been paying since 2001. This oil, gas, and chemical company has a forward P/E of 8 and yields 2.2%.

For a free Excel database of over a dozen high yielding China stocks, which can be sorted and changed, go to wsnn.com. Four of the stocks yield more than 3.5%. If you've been to the site before, you may need to clear out your cache if the High Yield China Stock database doesn't appear.

Disclosure: Author does not own any of the above.

Source: Four High Yielding China Stocks