investing in china

You can put new clothes on formerly communist nations, but it's hard to change what's under their skin. Don't be fooled: Both Russia and China have really awful bones. So before investing in either one, know the risks that lurk below the surface.

One Chinese company that stands to benefit from China's boom is tiny and little known COGO Group, which provides some of the nuts-and-bolts components and expertise that local manufacturers need to produce top-quality products.

It seems "greed is good" isn't a mantra reserved solely for stock brokers on Wall Street. A former Morgan Stanley (MS) trader in Hong Kong was sentenced Friday to seven years in prison in what's been called the biggest local insider trading case. In addition, the banker, Du Jun, a 40-year-old...