In 2007, the emerging market consumer blew past the America's to become the largest source of buying power globally.

Since then, they've extended their lead and the change is likely irreversible given higher growth rates possible from emerging markets and the impetus for America to correct past imbalances in savings and trade.

Moreover, within emerging markets China is the largest consumer story there is by far, and has tons of listed companies which traders have made a killing from over the last year.

Thing is, despite all the hype about China, many of us really don't know many of the new consumer names. Even though as investors we'd be smart to have a clue. So we put this list together. Feel free to suggest even better names.

Note that many of these stocks have enjoyed enormous rallies and require substantial due diligence, thus everyone should do their own homework and bear in mind timing is pretty important.