Paul Goodwin, editor of Cabot China & Emerging Markets Report, is scheduled to appear on Squawk on the Street tomorrow (Thursday, November 12) at 10:40 a.m. The topic: If you had $1 million to invest would you pick China or India? We’ll host the video on our Web site as soon as it airs.

Paul was on CNBC recently discussing how U.S. investors can profit from China’s rising middle class. Paul explained that until recently 40% of Chinese growth came from exports, much of it to the U.S., but now Chinese exports have shrunk to 20% as new Chinese consumers are now buying their own goods and services.

As China’s middle class continues to grow and U.S. companies learn how to market to Chinese customers, Paul believes there will be an enormous opportunity for U.S. companies to sell goods to the new Chinese consumer. But until then, he recommends U.S. investors tap into this growth by investing in Chinese companies that are benefiting from the trend.

Paul recommends AsiaInfo Holdings (ASIA), a telecom software company that’s benefiting from China’s infrastructure boom, and Wonder Auto Technology (WATG), a supplier of car parts to Chinese automakers.

Watch last week’s video here.

Update: Paul appeared on CNBC this morning and came down on the side of investing in China. Watch the video here.