As I wrote in Part 1 of this article, China is all about business. Here are five ways we can profit as China becomes ever more at the center of world business and economic growth.

Part 2 of 2 (read part 1 here)

Now that the 60th anniversary of the People's Republic is behind us - where can we look to continue to profit alongside the continued expansion and maturity of the Chinese economy?

Well, I've got a set of current recommendations starting right with the base of the markets - bonds. China rolled out its first major series of renminbi bonds specifically for foreign investors. While many US brokers might give you a hard time over these, they are available for some - and if your broker is able to get a hold of them you can be part of the initial subscription process that just kicked off and is good through most of this month.

One of the issues is the China Government Bond (CGB) with a 3.3 percent dividend due 10/27/14 that is trading at a minor discount around 99.75. Not much yield - around 3.4 percent - but you will own renminbi via a government bond trading internationally.

This Chinese government bond is full-sized - but it is built for retail, individual and non-Chinese investors.

The minimum denomination is 1,000 renminbi (CNY) face which works out to around 160 US dollars face and it will be trading at par, meaning 100+/- or 1,000 CNY.

You will have to call and deal with your broker and, unfortunately, you may be unable to get these bonds - but if your broker is able to you will find that this is an easy direct way of getting access to renminbi.

There is no CUSIP number, which is how most things trade in the US. However - the Bloomberg number is EH9912351 and there are two other security numbers
that will work with other brokerage systems including: 311482 and 9085627.

Another means of generating cashflows from income investing in China as well as other strategic regional markets is a long-favored fund of mine - the Matthews Asian Growth and Income Fund (NSDQ: MACSX). Run by an old comrade in arms of mine, Paul Matthews - and his team over in the Embarcadero Center in San Francisco - it has consistently come through with above-market dividends and overall returns averaging over 14 percent annually for the past 10 years.

Then there are some of the industry- and company-specific plays that I've been advocating over the past months. One such area involves battery technology. In everything from consumer electronics to electric and hybrid cars - China continues to be a leader in developing new and advanced batteries.

And I'm not alone in following this as Berkshire Hathaway has been investing right along and currently controls more than 10 percent of one of the leaders - BYD (OTC: BYDDF). This Shenzhen-based company focuses on batteries for everything from smart phones to automobiles.

Sales are climbing at an average annual rate of over 26 percent and despite heavy investment in development - return on equity is just under double-digits. And while plenty of tech stocks faltered last year - not BYD, which continues to climb over the past few years by an average annual rate of 100 percent plus.

My own pick continues to be a specialist in lithium-ion battery technology - crucial to motor vehicles. Advanced Battery Technologies (NSDQ: ABAT) with its office in New York and its listing in the US market, has its primary facilities in Shuangcheng City as well as in Beijing.

Revenues keep climbing - even higher than its peer BYD - at a rate of over 41 percent. And again, even with massive investment in research and development, return on equity is much higher - running currently at over 28 percent - all with fat operating margins in the 40 plus percent range.

And as I've written before, debt is negligible and with additional equity capital raised - the company has a long history in the US market running back to the early 90s - it has been well stress-tested having survived and thrived through the demise of the tech and credit bubbles of the past many years.

Lastly, as I've mentioned in earlier By George issues - the environment is a major government-assisted market that's prime for your investment.

One particular focus that you should take involves water treatment and processing. And one of the local leaders in providing equipment and supplies for water treatment and processing is Beijing-based Duoyuan Global Water trading on the NYSE under the symbol DGW.

I first rolled this company out to you in August - and since then the results keep coming with gains just shy of double-digits while the S&P has turned in minor losses.