It's no secret that China is experiencing massive economic growth. In fact, the current global crisis was a mere speed bump for China as its impressive double-digit GDP growth dropped to the single digits.

There has been an explosion of interest in China, and more particularly, stocks of companies in China or doing business in China. This year, some of the biggest gains in the market have come from China.

Unfortunately, most Chinese stocks available for trading in the U.S. are expensive. Some of the biggest names like China Mobile (CHL) or China Petroleum (SNP) have huge market caps trading on the New York Stock Exchange.

We'll leave those to people who are content to buy something after the secret's out. There are plenty of lesser-known stocks on other exchanges that have much smaller market capitalizations. I've scoured the market looking for the best of these and have selected five for you. They are some of the smallest and lowest-priced stocks available to investors looking for exposure to the China growth miracle.

Today, I want to tell you about the five China penny stocks that have the potential to offer you explosive returns.

How explosive?

As any of my subscribers can tell you, we already have one Chinese stock in our Penny Stock Winners model portfolio. L&L International Holdings (LLFH) is $120 million market cap company focusing on the coal market in China. And we're up more than 120% in just under five months.

But that's just an appetizer. With today's group, you'll be feasting on a five-course meal, so let's get started.

China Penny Stock #1

China Penny Stock #1: SORL Auto Parts (SORL)

The auto market is weak across the globe, but sales in China are on the rise. And as more and more people in China increase personal wealth, the demand for automobiles will only grow. SORL Auto Parts (SORL) makes air brake valves and related components. Like most stocks, SORL collapsed last year on the heels of the credit crisis in the U.S. After bottoming in March at a little more than $1 per share, SORL has almost quadrupled in value.

The easy money may be gone now that the stock trades above $6 per share, but investors can still double or triple their money from here. Owning SORL at these levels is a speculation on the growth in China along with the rest of the world. That seems like a reasonable speculation given that most Chinese travel by bicycle and auto sales are at decade-ago levels.

What to Do Now

The time to buy is when an industry hits rock bottom. That is certainly the case in the auto sector. I would take a position in SORL below $5.00 for a quick double to $8 per share. Place a sell stop at $3.53.