So what's fueling this sudden interest in one of United States' most feared political and economic rivals? China's booming IPO market. In fact, I get asked more questions about how to take advantage of China's burgeoning IPO market than I do about the state of America's subprime mortgage market.

Now I have to be honest with you, I've never set foot on Chinese soil (not yet…but hopefully soon) so whenever I get asked about investing in China, I turn questions to Robert Hsu, editor of China Strategy. He's the guy I goto when I need answers to some of the most complex, need-to-know-now, questions about investing in China.

His firsthand knowledge of Chinese and Asian culture, business and government, combined with his phenomenal track record as an investor, make him uniquely qualified to help investors build their fortunes from the economic miracle underway in China and throughout Asia.

All Quiet on the Western Front? Hardly.

First and foremost, American investors need to know that not all China investment opportunities are created equal.

Robert takes a strict "boots on the ground" approach to investing across Asia, and personally makes multiple trips to China each and every year to investigate China's booming economic growth firsthand.

What captured his attention on his last trip wasn't just the investment opportunities surrounding future Olympic sponsors—but the incredible Olympic-related economic opportunities that are popping up all across the entire country.

Hsu is convinced that the economic growth indirectly related to the 2008 Olympic Games is where Western investors stand to profit most. He's banking on the fact that the recent Chinese construction boom will continue to bring significant economic benefits yearsafter the Olympic flame is extinguished.

Mining for Olympic Gold

So far, he's been right on the mark. Recent real estate prices in Qingdao, the coastal city hosting the sailing regattas, rose more than 10% last year, largely because of the Olympic effect. Beijing property prices also shot up sharply in the past two years, despite government efforts to keep them in check. Tens of billions in paper real estate wealth have already been created as a result of the upcoming Olympics.

As this communist country modernizes and shifts to a market-driven economy, Hsu advises his investors to consider the entire economic expansion that the 2008 Summer Olympic Games has launched: from travel and tourism, to construction and real estate.

Red Hot Real Estate

If China's economy is considered warm, (11.9% GDP growth in the second quarter alone) then its real estate market is hotter than an Olympic-sized torch. Unlike here in the states, property prices in sections of Shanghai and Shenzen have shot up an eye-popping 30%!

Now, Chinese industrialists have been investing in the American mainland for years now. But up until very recently, it was impossible for foreign investors to get in on any piece of China's red hot real estate sector (or any other sector for that matter!)

That's because the Chinese communist government has established complex restrictions on foreign ownership of real estate in China, which also made investing in Mainland China's real estate and property stocks nearly impossible. In fact, for a long time, there were no Chinese property development ADRs listed in the United States. But all of that changed recently when one of China's top real estate marketing and brokerage companies got listed on the New York Stock Exchange (NYSE).

Making Real Money in Real Estate

So when Robert heard that a leading real estate firm was going public on the NYSE, he jumped at the chance to add the stock to his China Strategy portfolio. In the three short weeks since he bought it, shares have gained an outstanding 44%!

I have to say, a 44% increase in anything (let alone one stock in one year) catches my attention. So I asked him to give me the 411 on the stock, and he did.

In the past two years alone, this company has become a real estate leader in Shanghai, one of China's fastest-growing propterty markets and one of the major port cities hosting the 2008 Summer Olympics, and now has more than 2,000 real estate sales reps in 29 cities throughout the country.

The growth rate of this company is beyond impressive. My jaw hit the floor as Robert showed me how sales grew from $12.3 million in 2002 to $31.2 million in 2004 and then to $56 million in 2006. To put that in perspective for all you western investors out there: That's an average growth rate is 34% a year. Don't you wish this company would come to the states and help us turn around our own real estate market?

Net income has also soared from $3.5 million in 2002 to $5.6 million in 2004 and then $18.1 million in 2006. And to top things off, this real estate leader has strong financial backing from where else? The United States. Silicon Valley, to be exact. The legendary Silicon Valley venture capital firm Sequoia Capital, who made its fame helping to finance Cisco Systems, Oracle and Apple just to name a few, is the primary backer of this Chinese property services giant.

The Art of the IPO

Pretty impressive, I have to admit. So I asked Robert how how he does it? He explained that evaluating a China IPO is probably more of an art than an exact science. He digs deep into the product, and analyses not just the stock's core fundamentals but the global market momentum, consumer psychology, and reads in-between the lines of the company's financials. Since China is his homeland, he knows the country and its people like the back of his hand and makes it a point to personally visit the company he's interested in, talk to its employees, and survey its customer base. If all of these markers are met, only then will he pull the trigger and tell his subscribers to buy the stock.

Hot IPOs in the Land of the Rising Sun

Knowing all this, I asked Robert, if he's keen to any new China IPOs in 2008.

Now he wasn't about to name names (his subscribers would kill him) but he did give me a few details on two that investors can still expect great things from in the New Year:

• This education company had a spectacular summer debut on the NYSE a little more than a year ago. Now, normally Labor Day is a quiet time on Wall Street (with the exception of this past summer of course…) as traders return from their summer vacations and begin gearing up for the Fall trading season. But this stock turned tradition on its head with a spectacular debut. The company's initial public offering was $15, which was well above the $11-$13 range analysts have predicted. After the market closed on its first day of trading, shares had soared more than 47%. Hsu waited one month for the smoke to clear. Today, he's sitting pretty on gains of more than 150%.
• The second IPO that he and I talked about is a medical devices company that also went public about a year ago. The company started trading on the NYSE back in September, 2006, and believe it or not, many Asia investors never even knew it existed. Good thing for him—Hsu waited patiently before pouncing and one month later the stock shot up 157%.

Now those are some red-hot profits in the land of the rising sun! But to be ultimately successful at investing in China, Hsu insists investors have impeccable boots-on-the-ground research. Yes, investing in China IPOs is a lot like playing a high stakes game of world class poker. But for those good enough to stay in the game, the pot is simply too good to pass up!

For access to these red-hot IPOs along with Robert Hsu’s entire portfolio sign up for China Strategy now. Robert is helping investors like you build wealth from China’s historic growth, which he believes is the most significant investing opportunity of our lifetimes. His readers are enjoying historic gains like 103%, 121% and 186% in their current stocks. Click here for your RISK-FREE trial subscription!