The MSCI China index, which tracks large- and mid-cap Chinese companies, trades at eight times next year's earnings, about a third below its 10-year average.

WSJ: With Bad News Pouring Out Of China, Fund Managers Rush In

Click here for more Chinese and small-cap growth recommendations in the Oberweis Report.

FORBES: Where Is The Love For QE2?

Renren is now the fifth-largest Chinese Internet company by market cap.

FORBES: RenRen Investor David Chao On The Third Internet Wave

For instance, investors are wary of recent rumblings out of Chinese government officials calling for a cap on the number of table games in Macau.

FORBES: Wynn Resorts: After A Triple, Another Jackpot's Just A Mirage