China is developing IP at a rapid rate and is a technology powerhouse

Claymore Launches First Ever China Tech ETF

 Claymore Securities launched its China Technology ETF (CQQQ), the first U.S.-listed ETF to focus on the Chinese technology sector. CQQQ joins three other China ETFs from Claymore (YAO, HAO, TAO) that have accumulated more than $500 million in aggregate assets. The new ETF will seek to replicate the AlphaShares China Technology Index, a benchmark designed to measure the performance of the companies based in mainland China, Hong Kong, or Macau that operate in the technology sector. As of October 31, the index consisted of 34 securities.