Investors Look To China For Bargain Buys

August was a messy month for Chinese share markets, but many believe that Beijing's plans to modernize financial markets and shift toward a consumer-focused economy will be enough to turn things around in the future. For that reason, some investors are picking through the Chinese market's rubble

.

While commodities are still considered too risky, investors are turning to promising sectors like insurance and consumer goods which are expected to weather the economic storm.

lost 35 percent following the yuan's devaluation, but the company's growth in recent years suggests that its financials are solid. Firms like liquor retailer Kweichow Moutia Co., maintain high profit margins, but the recent crash has stripped more than 20 percent from their share values.

Many investors are looking to blue chip stocks traded on American exchanges but headquartered in China for a good deal.

, has long been considered a good buy as the company's position as China's largest network provider and its partnership with

have given it a leg up over other telecoms. However, the company's shares have fallen 8.5 percent over the past month as uncertainty in China persists.

While investing in China now could be a profitable decision, many are still wary of taking positions at such an uncertain crossroads. While Chinese officials have promised to make the nation's markets more approachable to Western investors, their tactics to restore balance to share markets have been questionable. Limits on buying and selling coupled with government led efforts to inflate prices have made China's share markets a

. Others worry that the nation's economy is doomed to continue declining despite lawmakers' best efforts, something that would weigh on even the country's strongest firms.