Chinese behemoth China Petroleum & Chemical (SNP) derives just 10% of its revenue from refining; much of the rest comes from exploration and production. Its American depositary receipts look attractive, trading at just 10 times expected 2010 profit.

Largest Oil/Chemicla company in China maybe the World...SINOPEC anyone!

china grows, we all grow. oil grows. but watch how fast I switch to alternative energy once viable! imperative.

China Reaffirms 8% Growth: China's premier told the National People's Congress that the nation expects to achieve 8 percent economic growth this year.
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China Sees Loan Surge Helping Economy: China's bank regulator says a lending spree will aid the economy.
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solid energy

“Crack spreads at the refiners are becoming more interesting,” counters Tim Seymour on Fast Money. I’ve got Tesoro [TSO], Valero [VLO] , as well as China Petroleum [SNP] and PetroChina [PTR]on my radar.”

Cramer: Chinese Guessing Game: With the huge Chinese stimulus plan in place, Jim Cramer tells you how to invest now.
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low PEG (under 1.0), low P/B (under 2.0), low Debt/Equity (under 1.0), & Assets at least twice the Liabilities.

PE of 15.29 , a PEG of 0.5 , and a yield of 1.9% .