China
has risen as the economy of the future, having grown stunningly fast
for almost 30 years now, lifting hundreds of millions of people out of
poverty. But it, too, has real problems.
The great country of the Orient that inspires fear and envy around
the world has proven
that economic growth makes almost any societal problem easier to solve,
but doesn’t guarantee better health for everyone.
According to a World Bank compilation of United Nations data, from 1990 to 2008,
life expectancy in China rose 5.1 years, to 73. Nearly every
other big developing country, be it Brazil, Egypt, Ethiopia, India, Indonesia
or Iran, had a bigger increase over that span, despite much slower
economic growth.
With rising incomes, people could afford better food, clothing and
shelter. But they were also exposed to more disease because so many of them were
moving to cities. Yet, obesity is rising. Pollution is
terrible. With relatively cheap investments in public health, like sanitation,
and on the spread of scientific methods, for the Chinese, cancer has
displaced strokes as the leading cause of death, partly because of pollution.
The China 100 Stock Index closes at 936.20
+7.19 (.77%). Orient Paper Inc. leads
the gainers up (26.11%). Telestone
Technologies Corp. was the biggest loser down (19.79%).
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Biggest Gainers For The Week |
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Orient
Paper Inc.
(ONP) closed this week with a bullish gain of +26.11%
after the paper company released a statement claiming the
investigation into allegations that it had overstated its revenue had concluded.
With a +24.47%
gain, Synutra International Inc. (SYUT) earlier in the month
announced that the company will attend Citi's HK/China Mini Conference to be held
on November 22-23, 2010 in Hong Kong. Looks like the conference
was promising for the leading infant formula company and a producer,
marketer and seller of nutritional products for infants, children and adults.
China
Shenghuo Pharmaceutical Holdings, Inc. (KUN) finished with a gain of +24.14%.
Filing SEC form
8 notice for failing to satisfy a continued listing, the
company just released the management's discussion and analysis of financial
condition and results of their operations. The company also announced last week
its financial
results for the third fiscal quarter ending September 30, 2010.
Asia
Cork, Inc.
(AKRK) finished this week up +14.29%
after the leading cork products manufacturer in Asia recently
signed a strategic
agreement with Ferma Wood Flooring for its
utilization of the North American market. The companies agreed to establish a
new joint venture under the name of "Elegant Cork" with the objective
to sell cork products manufactured by Asia Cork.
Another
double digit
gainer is Sinovac Biotech Ltd. (SVA) up
+13.07%.
The leading provider of Chinese biopharmaceutical products announced
last week its
unaudited financial results for the third quarter ending September
30, 2010.
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Biggest
Losers For The Week |
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The
largest drop amongst the bearish companies is Telestone Technologies Corp.
(TSTC)
with a loss of -19.79%.
The leading supplier of local access network solutions for communications
networks in China, announced Wednesday that it had priced
its public offering of 1,675,000 shares of common stock.
The offering is expected to settle and close on November 30, 2010,
subject to customary closing conditions.
China
Organic
Agriculture, Inc. (CNOA) experienced a drop of
-18.00%
after the trading and distribution of agricultural products company
announced its financial results for the third quarter ending September 30,
2010. Gross profit reported $8.8
million in comparison to $11.1 million in the third quarter of 2009.
This was a
bearish
week for AirMedia Group Inc. (AMCN) with a loss of -14.37%
after the leading operator of advertising platforms targeting
mid-to-high-end
consumers announced that it recently
renewed its concession rights contract with Beijing Capital Airport Advertising
Co., Ltd. to operate digital frames and digital TV screens from
January 1, 2011 to December 31, 2015.
With a -10.67%
decline, Tiens Biotech Group USA Inc. (TBV) makes the list of
weekly losers after recently appointing
the daughter of the Chairman, Chief Executive Officer, President and
Acting Chief Financial Officer of the Company, Jinyuan Li.
Tiens Biotech Group, Inc. choose Baolan Li to the board of directors
of the company just last month.
China
Kangtai Cactus Bio-Tech Inc. (CKGT) closes out the losers list with a -8.65%
decline. The developer, manufacturer and marketer of cactus-based
products in China, announced recently about initiation
of business negotiations with Taiwan Tong He Mai Bio-tech Inc,
a well-known health care products manufacturer in Taiwan.