This ETF presents an interesting option for gaining exposure to Chinese equities, and may be one of the better choices for accessing the one of the world's most important economies. Like many international equity ETFs, GXC is dominated by holding in large cap stocks, potentially diminishing the connection to the local Chinese economy. But relative to the most popular China ETF, FXI, this fund has a number of advantages. GXC holds more than five times as many holdings, delivering greater diversification from an individual security perspective. And while the sector allocation is skewed towards banks and oil companies--a common bias in emerging markets--the profile is more desirable than FXI. Finally, this SPDR is considerably cheaper. For those seeking exposure to large cap Chinese stocks, GXC is one of the best options out there--certainly a better play than FXI. Pairing this exposure with small cap stocks through HAO or ECNS can deliver well balanced China exposure.