Investing in China may garner top billing at some international investment conferences, but 1.3 billion people building an economy with near double-digit growth rates still isn't enough to attract the interest of most CPA advisors.The risks and complications of investing in China keep most advisors away, but booming growth keeps the topic on the radar, and it's attracting additional fund companies.

The risks of investing in China range from political to economic to social. Political risks include lesser-developed contract law and property rights. "The level of corporate governance in general is a concern," says Jason Thomas, Ph.D and CFA with San Francisco-based Kochis, Fitz, Tracy, Fitzhugh & Gott Inc. "We don't even have that right yet in this country, as developed as we are."

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