If you think the dollar is doomed, you aren't the only one.

My fellow Fool Tim Hanson, co-advisor for Motley Fool Global Gains has warned of the dollar's demise for months now. So has Warren Buffett. Fortunately, neither of these guys has abandoned all hope. Even if the greenback gets a nasty case of gangrene, you still have ways to survive -- and even profit.

Your best bet may be to invest in the stocks of foreign firms that denominate revenue and earnings in stable currencies. China's yuan is one that Tim and Global Gains co-advisor Nate Parmelee like, and for good reason. The Sino superpower has a history of harvesting multibagger stocks that trade on U.S. exchanges. Here's a look at the top five over the past year:

Company

Recent
Price

CAPS Stars
(out of 5)

1-Year
Return

Universal Travel Group (NYSE:UTA)

$13.60

****

301.2%

KongZhong Corp. (NASDAQ:KONG)

$14.76

****

292.6%

China Green Agriculture (NYSE:CGA)

$11.77

****

259.9%

China Techfaith Wireless

$3.31

***

255.9%

Sinovac Biotech (NYSE:SVA)

$8.88

**

270%

Sources: Motley Fool CAPS, Yahoo! Finance. Data current as of Sept. 18.

Why your portfolio should like Chinese
China is still on a massive growth trajectory, as far as investor, Princeton professor, and A Random Walk Down Wall Street author Burton Malkiel is concerned. He told attendees of last fall's Asia Pacific and Emerging Markets Equity Conference that Chinese stocks represented an unprecedented investment opportunity.

Admittedly, I've some doubts about this. I wonder how you condition a culture of savers -- the personal savings rate is close to 40% in China, reports Toronto's Globe and Mail -- to become a culture of consumers, especially after the meltdown we've seen here in the U.S. China's export manufacturing-driven economy can only stretch so far; consumer spending will have to fund growth at some point.

Our 140,000-plus Motley Fool CAPS community is less skeptical. Fools give four of five stars to the average Chinese stock in CAPS, which tracks 212 Sino issues trading on American exchanges. Lihua International (NASDAQ:LIWA) is their top overall pick. The details:

Metric

Lihua International

Business Description

A new public offering, Lihua is a manufacturer of magnet wire for industrial uses. The company also owns a subsidiary that sells recycled copper wire.

CAPS Stars (out of 5)

*****

Total Ratings

25

Percent Bulls

100%

Percent Bears

0%

Bullish Pitches

5 out of 5

CAPS Members Bullish on LIWA Also Bullish on

Vale (NYSE:VALE)
Shengdatech (NASDAQ:SDTH)

Data current as of Sept. 22.

Certainly the numbers look enticing. Capital IQ shows return on equity improved to 40% over the trailing 12 months, from 38.8%. Return on capital rose to 26.9% over the same period. Those numbers have inspired some CAPS members to give the stock a green thumb.

"I am in with real money on this one. It looks like an incredible opportunity to get in close to the bottom on a Chinese firm selling infrastructure needs," wrote CAPS investor jed71 last week. "ROE is through the roof and sales / income growing very quickly."

But is Lihua a bargain at roughly 9 times trailing earnings? I asked Global Gains co-advisor Nate Parmalee:

There is no real moat, it's a commodity business. Also, there is potential for dilution from convertible preferred shares and warrants. Absent some great growth in the near-term that I'm missing, which takes the converts out of play, I'd stay away.

Do you agree? Would you buy Lihua International at today's prices? Let us know by signing up for CAPS today. It's 100% free to participate.

Each month, Tim Hanson and Nate Parmelee spotlight promising international stocks in Global Gains. Try this market-beating service risk-free for 30 days and get access to all of their recommendations and special reports.

China Green Agriculture is a Global Gains pick. Try any of our Foolish newsletter services free for 30 days.

Fool contributor Tim Beyers didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Twitter as @milehighfool. The Motley Fool is also on Twitter as @TheMotleyFool. Its disclosure policy was small and cuddly. Once.