Market mayhem has hidden jewels

Despite the darkening economic outlook that is casting a long shadow on the Chinese corporate sector, there are bright spots beneath the stock market gloom waiting to be discovered and exploited by suave investors.

These are the recession-proof stocks that can be found in such industries as power transmission equipment, agriculture-related products and railway infrastructure construction, stock analysts said.

Companies producing power transmission equipment would outshine other sectors, because of the sharp drop in material cost in the second half of 2008, which has contributed to their profit growth.