Check Out the Hottest Asia and Latin America Stocks

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tdp2664 InvestorPlace Emerging market headlines have been dominated by China's economic slowdown. We all know how important it is for China and Chinese stocks to continue to grow and fuel the global recovery, so this was unsettling. But when you look at the details of China GDP numbers, it's ridiculous that investors are worried for even a second. The official GDP slowed to a 9.5% annual pace in the second quarter, down from 9.7%. Are you kidding me? GDP that slows to 9.5% is like being on the highway and slowing from 160 miles per hour to 155 miles per hour. China's economic engine is stronger than ever and it's fueling profits for multi-international companies. The Bank of Japan has also been surprisingly upbeat as Japan recovers from its devastating earthquake and tsunami, which bodes well for Asia and worldwide economic growth, since Japan operates the world's third-largest economy. The supply-chain issues arising from the earthquake and tsunami have started to resolve and Japan is returning to normalcy. This is great news for the global recovery. Latin America too is experiencing explosive growth. This is a part of the world that is very rich in natural resources and with commodity prices on the rise, its nations are benefiting. This is helping to boost the value of its exports and its economy and create a middle class that will take GDP to the next level. You should not sit on the sidelines and let this global growth pass you by. You can directly benefit from Asia's rapidly growing middle class through stock plays in Baidu (NASDAQ: BIDU ), China's largest Internet search engine, Borgwarner Inc . (NYSE: BWA ), which sells auto components and Las Vegas Sands Corp. (NYSE: LVS ), which operates hotels, restaurants and gaming properties. The same goes for Tata Motors Ltd. (NYSE: TTM ), which is catering to insatiable demand for affordable cars among India's burgeoning middle class. In Latin America, consider a position in Companhia De Bebidas Das Americas (NYSE: ABV ), a Brazilian beverage company as well as with DirecTV (NASDAQ: DTV ). Much of Central and South America lack the installed infrastructure base that we have in the United States and it's a lot easier–and less expensive for DirecTV–to provide television content via roof-mounted satellite dishes than it is for competitors to snake millions of miles of cable through the ground. Lastly technology stocks Apple (NASDAQ: AAPL ), ARMH Holdings PLC (NASDAQ: ARMH ) and F5 Networks (NASDAQ: FFIV ) have tremendous international sales and are benefiting from market trends like the 4G revolution, demand for faster broadband and cloud computing, as well as an unquenchable thirst for all those nifty smartphones and tablets. Apple's Q2 iPhone sales in China alone, for instance, jumped to $3.8 billion, a sixfold increase from last year! Each one of the companies I just mentioned not only profits from strong international sales, but gets an added boost when they convert those sales into U.S. dollars. With our current economic slowdown and inability to raise interest rates, the value of the dollar is sliding against other currencies and boosting the bottom line of companies with foreign sales.