They chose 36-year-old Hao Weiya, who was then studying opera in Italy.

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In China--where the company is known as Hao Hai Zi, which translates into "good baby"--it controls nearly 70% of the stroller market.

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In the event that fears resurface, overexposure to a fund like FXI or HAO can result in gut-wrenching fluctuations.

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One of the broadest China-based ETFs available to US investors is the Guggenheim China Small Cap ETF ( HAO), which tries to mirror the AlphaShares China Small Cap Index.

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