With the markets selling off so strongly in 2008, there are great bargains popping up everywhere. Fundamentally strong Chinese companies are selling at steep valuations and have now become low-hanging fruit for us to pick.

While this provides investors with profitable opportunities, some investors may think this means that we can close our eyes, pick any Chinese company out of the bucket and expect to make great profits. The reality is that we still need to be cautious and only take advantage of the best opportunities for our money.

And the best place to be investing your money right now is in China.

So why will China — and not any other stock market — lead the emerging market rebound? Here are four reasons why China is at the top of the list.

Reason #1: It's All About Leverage

China is far less leveraged than most countries, since its citizens save more money than any other nation in the world. That has made it less vulnerable to the global financial de-leveraging that is taking place right now.

In fact, since China has the world's largest foreign reserve — approaching $2 trillion — China is helping other nations overcome the global financial crisis. And it is likely that China will use its current account surplus to purchase U.S. Treasury securities and indirectly help finance the U.S.'s $700 billion financial bailout.

Reason #2: Less Bad Debt Than The West

China doesn't have a lending mentality — it's still in the early stages of developing its consumer finance industry. So, unlike many developed nations, there simply isn't a lot of bad debt to weigh on China's economy or to destabilize Chinese banks.

Supporting this "savings mentality" are new policies in China's real estate sector. Recently, China's Ministry of Finance implemented some new policies that should give the industry more life…