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Health Care Stocks...In China

|Includes: China Medical Technologies, Inc. ADR (CMEDQ)

Until tonight, I was previously unaware that there was major health care reform in the works in a country other then the United States. Jim Jubak notes that the Chinese government plans "to spend $124 billion by 2011 to provide some form of health insurance to 90% of the population." He also notes that "the decision to devote tens of billions a year to improving health care and providing a minimal level of health insurance is a remarkable sign that the government actually intends to do something about social insecurity in China."

How could an investor profit from health care reform in China? First, according to Jubak, wait for Chinese stocks to cool off, as they are overpriced. When lower prices come, two names for investors to consider are Ping An Insurance (PNGAY - Get Trend) and China Medical Technologies (CMED - Get Trend).