Do you want the red-hot growth of an emerging market without getting burned? You might love China Unicom.
China Unicom (CHU) is the second-largest fixed-line and mobile carrier in China, after China Mobile (CHL).
The company, which is majority-owned by the Chinese government, enjoys a virtual monopoly on fixed-line phone and broadband services in the areas where it operates.
Analysts say it has a significant advantage thanks to a special license it has to offer 3G services using a superior network standard.
Related: Apple inks China Mobile deal
The company should continue to post strong growth as mobile and internet use rises along with incomes in the world's second-largest economy. Earnings are expected to increase more than 40% annually, on average, for the next few years.
