So what does this all mean for top down China investors?

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On the smelting side, about 45% of all smelters in China are in the top of the cost curve, and 78% of refineries are on the top half of the cost curve.

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In 2011, the top three Porsche buyers were all in the U.S., China and Germany.

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It appears the early incumbents are all homegrown, with no western company making it in the top 10 in China.

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The top 10 items the U.S. trades with China are all seeing higher volumes and higher prices paid for those goods over the last three years.

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However, even with the rise of the G20 as the main global economic decision making body, with China, India, Brazil, Russia and South Africa all at the top table, the world appears to lack the governance architecture to achieve the conditions for this kind of enduring economic reform.

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He is one ahead of two-time winner Miguel Angel Jimenez of Spain, China's Zhang Lian-wei and Swede Fredrik Andersson Hed, the top four all 40 years of age or older.

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Unfortunately, top competitors PPR SA, the Gucci parent, and LVMH Moet Hennessy Louis Vuitton all recently reported lackluster China sales, and European shoppers remain squeezed by weak wages and deep economic uncertainty.

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"For all the drama and hand-wringing about China and Middle East investment, they haven't broken into the top 50, " says Todd Malan, OFII's president and chief executive officer.

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