I say that because the fundamental news coming out of China in the past week has been very, very positive ...

• Chinese retail sales increased by 23.2% in August. That brings the year-to-date growth rate to 21.9%, a huge jump from the 15.7% during the same period last year.
  
• Inflation is dropping in China. Consumer prices rose 4.9% for the 12 months ending in August, falling from 6.3% in July.
  
• China's trade surplus for August was 14.9% higher than a year ago. And its exports surged by 21.1%.
  
• Chinese officials are working on a stimulus plan for as much as 400 billion yuan (US$58 billion) in tax cuts and government spending to keep its economic train on track.
  
• The 'smart' money still believes in the China growth story. Foreign direct investment pumped another $7 billion into China last month. And it's up an amazing 41.6% for the year.

Investing in Asia has never been easier

I am not suggesting that you put 55% of your stock portfolio into Asia. But I believe that you should have at least 20% of your portfolio in Asian equities. And it is easier than you may think because there are three ways to invest in Asia without ever leaving the comfort of your current brokerage firm, through ...

• Mutual funds,
  
• Exchange traded funds (ETFs), or
  
• Individual stocks.

Did you know that over 100 Asian companies are listed on the New York Stock Exchange and Nasdaq? I'm talking about companies like Toyota (TM), China Mobile (CHL), Korea Electric Power (KEP), Taiwan Semiconductor (TSM), and Telekomunikasi Indonesia (TLKM.JK) to name a few.

And the time is right, too.

The Shanghai Composite Index is down by 50% since November 2007, despite the strong Chinese fundamentals. But unlike the U.S., China is still growing like a weed.

The Chinese economy has grown by more than 10% in the first half of the year. And it's on track for its sixth consecutive year of double-digit economic growth.

That combination of cheap prices and high growth has me licking my chops. And while I am nervous that the Wall Street crowd has finally jumped on the foreign stock bandwagon, I am very confident that you'll be thrilled with the results if you add more Asian spice to your portfolio today.