U.S. Senators Accuse China of Supressing Negative IMF Report

Fuqi International, Inc. (FUQI) files 8-K - Current report. On May 12, 2010, Fuqi International, Inc. (the “Company”) received, as expected, a second notification letter from The Nasdaq Stock Market (“Nasdaq”) dated May 12, 2010 indicating that the Company remained out of compliance with Nasdaq Marketplace Rule 5250(c)(1), which requires timely filing of SEC periodic reports (the “Nasdaq Notification Letter”), due to the Company’s failure to file its Form 10-Q for the first quarter of 2010 and Form 10-K for fiscal 2009. The Nasdaq Notification Letter has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Global Select Market.

Telestone Technologies Corp. (TSTC) files 8-K - Current report. On May 13, 2010, Telestone Technologies Corporation (the “Company”) issued a press release announcing its results for the fiscal quarter ended March 31, 2010. In the first quarter ended March 31, 2010, sales to China Mobile, China Unicom and China Telecom accounted for 80.1%, 9.7%, and 8.5% of revenue, respectively. Telestone is awarded installation contracts obtained from the "Big Three" based on network design solutions submitted for a particular site. Based on design and system requirements, Telestone then designs, engineers and sells RF-based local access network solutions for indoor and outdoor wireless coverage, IP-based products for Internet access, and unified local access network, or ULAN, solutions based on its WFDS(TM) technology. A majority of Telestone's revenue is generated from providing comprehensive solutions for projects which generate both equipment and professional services sales. To a lesser extent, the Company generates revenue from equipment-only sales or services-only sales.

China INSOnline Corp. (CHIO) files NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB. The Quarterly Report on Form 10-Q for the period ended March 31, 2010 of China INSOnline Corp. (the “Company”) could not be filed within the prescribed time period due to unforeseeable circumstances which caused a delay in the finalization of such report. The Company respectfully requests an extension for the filing of its Quarterly Report on Form 10-Q for the period ended March 31, 2010.

Melco Crown Entertainment Ltd. (MPEL) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. MCE Finance Limited (“MCE Finance”), a wholly-owned subsidiary of Melco Crown Entertainment Limited (the “Company”) (Nasdaq:MPEL), a developer and owner of casino gaming and entertainment resort facilities focused on the Macau market, today announced the closing on May 17, 2010 of its international offering of a new issuance of senior notes. The offering consists of US$600 million aggregate principal amount of 10.25% senior notes due 2018. The notes were priced at 98.671% of par and the Company intends to use the net proceeds from the offering to reduce the indebtedness under the Company’s City of Dreams Project Facility.

China America Holdings, Inc. (CAAH) files NTN 10Q - Notices of Late Filings of Form 10-Q or 10-QSB. The Registrant could not complete the filing of its Quarterly Report on Form 10-Q for the quarter ended March 31, 2010. The non-submission was due to a delay in obtaining and compiling information required to be included in its Form 10-Q. The delay could not be eliminated by Registrant without unreasonable effort and expense. Registrant will file its Form 10-Q no later than the fifth calendar day following the prescribed due date.

AgFeed Industries, Inc. (FEED) files 8-K - Current report. On May 18, 2010, members of management of AgFeed Industries, Inc. (the “Company”) will make a presentation at the Rodman & Renshaw Annual Global Investment Conference. A copy of the presentation materials, dated May 18, 2010, is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The presentation materials are being furnished to the Securities and Exchange Commission and shall not be deemed to be “filed” for any purpose.

China Architectural Engineering, Inc. (CAEI) files NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB. The Registrant is unable to prepare and review all necessary information and disclosures in its Quarterly Report on Form 10-Q within the prescribed time period without incurring unreasonable effort and expense. The Registrant requires additional efforts and time to accurately prepare and present all necessary disclosures. On May 14, 2010, the Registrant filed a Form 8-K announcing restatements of certain accounting items and a related amendment no. 2 on Form 10-K/A for the three years ended December 31, 2009.

American Lorain Corporation (ALN) files 8-K - Current report. A copy of the transcript of the Company’s conference call on May 13, 2010 discussing the Company’s financial results for the quarter ended March 31, 2010. For the first quarter in 2010, we continued to show revenue and a net income growth. Some of the highlights of the quarter include revenue… realized revenue was $24.6 million, up 15.8% from the corresponding quarter in 2009 and our gross profit was $5.7 million, up 10.9% from the corresponding quarter in 2009. Net income was $1.86 million, up 6% from the corresponding quarter in 2009. Revenue growth was driven by sales of Lorain-branded convenience foods which account for 28.9% of total revenues in the first quarter of 2010 compared to 4.9% in the first quarter of 2009. Convenience food yielded revenue of $7.1 million, up $6.1 million or 586% increase from $1 million in the first quarter of 2009.

Tianyin Pharmaceutical Co., Inc. (TPI) files 8-K - Current report. Q3 FY2010 revenue increased 60% year over year to $15.9 million, net Income Increased 53% to $2.9MM with EPS of $0.11 per share (basic), or $0.09 per share (diluted). Cash and cash equivalents were $23.3 million on March 31st, 2010. Nine month 2010 Cash Flow from Operations Increased 95% year over year to $8.6 million. Sichuan Jiangchuan joint venture progress on schedule

QKL Stores Inc. (QKLS) files 8-K - Current report. n May 17, 2010 QKL Stores Inc. issued a press release regarding its financial results for the three months ended March 31, 2010. Revenue in the first quarter of 2010 increased 22.6% to $82.3 million from $67.1 million in the first quarter of 2009. Revenue performance reflected the growth of 28 comparable stores, which are stores that have been open for at least one year, as well as sales from the opening of 7 new stores since January 1, 2009. Same-store sales were approximately $68.7 million in the first quarter of 2010, an increase of 9.2% from $62.9 million in the first quarter of 2009. Gross profit increased 22.9% year over year to $14.5 million from $11.8 million in the prior year period. Gross margin increased to 17.7% from 17.5% in the year ago period due to the increase in sales in the 2010 first quarter. The Company continues to believe that gross margin will be in the range of 17%-19% over the next few quarters.

GigaMedia Ltd. (GIGM) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. GigaMedia Limited (GIGM) today announced that it has completed the sale of a 60 percent interest in its online gambling software business to Mangas Gaming, a leading European sports betting and online gambling group. The sale has immediate effect. GigaMedia expects to record a significant one-time gain in the second quarter as a result of the transaction. The final price of the 60 percent sale will be set at the fair market value of the business as of May 2012. As part payment for this 60 percent sale, Mangas has made an initial cash payment of approximately US$100 million.

Giant Interactive Group, Inc. (GA) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. Net revenue was RMB304.4 million (US$44.6 million), compared to RMB276.0 million in the fourth quarter 2009 and RMB373.5 million in the first quarter 2009. Gross profit was RMB259.3 million (US$38.0 million), compared to RMB231.6 million in the fourth quarter 2009 and RMB313.9 million in the first quarter 2009. Gross profit margin for the first quarter 2010 was 85.2%. Net income attributable to the Company’s shareholders was RMB185.2 million (US$27.1 million), compared to RMB197.8 million in the fourth quarter 2009 and RMB231.9 million in the first quarter 2009 The margin of net income attributable to the Company’s shareholders for the first quarter 2010 was 60.9%.

CDC Software Buys TradeBeam. CDC Software Corp. (CDCS) has acquired TradeBeam Holdings Inc., a San Mateo, Calif.-based provider of on-demand global trade management software. No financial terms were disclosed. TradeBeam had raised around $57.5 million in VC funding from Carlyle Venture Partners, Enterprise Partners, Sigma Partners and The Sprout Group.

Tencent, China Unicom Announce Strategic Partnership. China Unicom (CHU) and Tencent (0700.HK) have agreed to partner on fixed line, 3G and payment services, China Unicom announced May 17. The two companies will jointly promote wireless data network and smart phone based information technology applications, including China Unicom's new WCDMA-compatible wireless products and customized 3G packages for individual Tencent software users. In addition, China Unicom will tie in Tencent products to its text messaging, multimedia messaging and wireless application protocol (WAP) services.

China Sky One Medical Announces First Quarter 2010 Results. First Quarter 2010 Financial Highlights: Total revenues increased 16.4% year-over-year to $28.9 million. Gross profit rose 15.1% to $21.6 million. Operating income grew 11.8% to $10.1 million. GAAP net income, including a non-cash gain from change in the fair value of derivative warrant liability, increased 73.8% year-over-year to $12.6 million, or $0.74 per diluted share. Excluding the non-cash gain, non-GAAP adjusted net income rose 5.8% to $7.7 million or $0.45 per diluted share.

L&L Energy sees strong year on Chinese demand. L&L Energy Inc., which operates coal mines in China, said Tuesday that it expects its net income to increase 66 percent this fiscal year as drought in southwest China is reducing hydropower output, driving up demand for coal to produce electricity. Revenue is expected to double to $218 million from $108.1 million, the company said.

New Energy Systems Group Appoints Mr. Li Liu as New Independent Director. New Energy Systems Group (OTC Bulletin Board:NEWN.ob - News), a vertically integrated original design manufacturer and distributor of lithium ion batteries and backup power systems, today announced the appointment of Mr. Li Liu as a new, independent member of the company's Board of Directors. This appointment brings the number of independent directors to two, with the total board now comprised of four members. Since early 2007, Mr. Liu has served as general manager of Shenzhen Everstar Technology Co., Ltd.