FXI is up 267% since I bought it. The P/E is around 27 now, which is fairly high, but not outrageous given China's GDP growth. I plan to sell pretty soon, though.
FXI holds the more conservative H shares. If you want to get aggressive (and more bubbly), check out Morgan Stanley's CAF, which holds A shares.
Favorite ERF quote: "I'm not going to waste my time on someone who's more interested in being stubborn or obtuse or intolerant." -- Nords
Favorite ERF error message: "Sorry Nords is a moderator/admin and you are not allowed to ignore him or her."