A few weeks ago I had the privilege of visiting the country that's become the world's leading economic engine, China.

While much of the globe still suffers from a recessionary hangover, China keeps going, and going and going. Just last week, we found out the nation's annual GDP growth surged to 7.9% in the second quarter. That's much better than the still-respectable 6.1% growth in the first quarter.

China is currently immersed in an unprecedented nation building effort, and this has created a virtual tsunami-sized wave of infrastructure spending. Just walking around Beijing tells you all you need to know about the transformation taking place in the country. I have never seen so many big construction projects going on at once. It seemed like whatever direction I looked in, there was building going on.

Now for investors, there are many ways you can take advantage of the China boom. Perhaps the simplest way is to buy the iShares FTSE/Xinhua China 25 Index (FXI), an ETF that gives you exposure to the largest Chinese stocks.

I, however, like to target my China investment dollars. I also like to be a little more adventurous when it comes to China, and that's why my favorite way to play the Panda is with a microcap stock.

Buy This Top China Telecom Stock Now

That stock is China Tel Group (CHTL).

This company, via its ChinaComm division, is a nascent-stage, big-time broadband player in a market that is thirsty for speedy, "go anywhere" Internet service. This is a play on the whole big, growing middle class in China, with more than 400 million Internet users stuck in the "slowskis" world of dial-up connection speeds.

In all my years of microcap stock hunting, I don't recall making a bigger discovery than I have with China Tel Group. In fact, if I could only own one aggressive-growth stock for the next few years, China Tel Group is without hesitation that stock. I own it, and without a second of hesitation, I think you should own it, too.

Finally, you have to understand that research and stock picking for transformational change in microcap stocks (under $100-million market cap) is truly the equivalent of dredging the Sea of China in search of a giant pearl. Once in a very great while, you find that gem, and that's what I think I've done with CHTL.

Buy CHTL today.

This is THE stock. The time is now. And I have a free report, explaining all the details for you online. Make Your Millions in the New China Wireless Boom is ready for you now — simply go here to accept your trial subscription to ChangeWave MicroCap Investor.