According
to international standardized testing exam results,
students
in Shanghai, China have surprised experts by outscoring their counterparts
in dozens of other countries, mastering subjects in reading as
well as in math and science. About 5,100 15 year olds in Shanghai
were selected as a representative cross-section of students in that
city. In the United States, a similar number of students from across the
nation were selected as a representative sample for the test.
The outstanding academic performance of students in Shanghai was
extraordinary, and another sign of China's rapid modernization. In math,
the Shanghai students exceeded Singapore, which has been an educational
superstar in recent years. In reading, Shanghai students
surpassed Korean students. In science, The Chinese students outplayed
Finland.
International testing experts believe that in recent years, teaching
professions in China has rapidly climbed up the ladder of preferred
occupations resulting in increased salaries. In Shanghai, the
authorities have undertaken important curricular reforms, and educators have been
granted more freedom to experiment.
The China 100 Stock Index closed this week at 925.32
(+5.75%). China Shenghuo Pharmaceutical Holdings,
Inc. led the gainers up 28.30%.
L & L Energy, Inc. was the biggest loser down (18.51%).
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Biggest Gainers For The Week
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China
Shenghuo Pharmaceutical Holdings, Inc. (KUN) closed this week with a bullish
gain of +28.30% after the
pharmaceutical, nutritional and cosmetic product company in the People's Republic of
China announced that the NYSE
Amex LLC has accepted the Company's plan of compliance for
continued listing.
With a +21.32%
gain, the China Biologic Products, Inc. (CBPO) Board of Directors
appointed
Mr. Stanley Lau as the new President of the Company. Mr.
Lau's duties include overseeing strategic planning and business
development,
partnership management and organization development.
Yanglin
Soybean, Inc. (YSYB) finished with a gain of +15.38%.
A leap of investor confidence yanks the soybean manufacturing company out
of the loser's list shortly after issuing a
press
release announcing its unaudited financial results for the
third quarter of 2010.
China-Biotics,
Inc. (CHBT) finished this week up +12.04%
after the leading developer and distributor of probiotics products
publicized that it has redeemed $25
million in outstanding 4% senior convertible promissory notes for
cash two days before the December 11, 2010 maturity date.
Another
gainer this week was 3SBio (SSRX) up
+8.84%.
The leading biotechnology company focused on biopharmaceutical products
received
worldwide rights to a clinical-stage treatment for gout from EnzymeRx
of New Jersey for $6.25 million. The company aims to
develop the drug for use in China, while out-licensing the drug to partners for
development in other countries.
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Biggest Losers For The Week
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The
largest drop amongst the bearish companies is L & L Energy, Inc. (LLEN)
with a loss of -18.51%. The
U.S.-based company that operates coal mining and distribution businesses
throughout China, recently announced
preliminary financial results for its fiscal 2011 second quarter
which ended October 31, 2010.
This was a
bad week for China Education Alliance Inc. (CEU) with a loss of -16.92%
after announcing that the Company will hold its annual meeting of
stockholders on Monday, December 20, 2010. The class action lawsuits are
piling up, this week the Rosen Law Firm, P.A. announced that it has filed
a class action lawsuit on behalf of investors who purchased the common
stock from the education resource and services company.
With a
-10.65% decline, CDC Corp. (CHINA) makes the list of
weekly losers after the leading hybrid enterprise software, IT
Services, and New Media assets, released
financial results for the quarter ended Sept. 30, 2010. The
company reported Non-GAAP revenue of $79.6 million and Adjusted
EBITDA of $7.0 million. For the 9 months ending Sept. 30,
2010, Adjusted EBITDA was $24.6 million compared to $28.6
million in the same period a year earlier.
QKL
Stores Inc. (QKLS) experienced a drop of -10.47%.
The leading
regional supermarket chain reported opening two new stores.
The Company's 41st store is located in the center of the business
district in Yitong county. The Company's 42nd store is stationed in center
of the business district Changtu county, Liaoning Province.
Zhongpin,
Inc. (HOGS) closes out the losers list. A leading meat and food
processor in China finished the week with a -9.78%
decline. Given the recent measures issued by China's State
Council, the leading meat processing company in China commented
on the outlook for hog and pork prices. With hog supply and
demand are in balance, the trend for hog prices is expected to be
steady by the end of this year.