Timber investment group China Forestry Inc. announced today that the company has signed a letter of intent to acquire the landscape engineering and construction firm Shaan’Xi Province Gaoxin Agriculture and Animal Husbandry Development Holding Co., Ltd. The company, located in Xi’An City, Shaan’Xi Province, generated over RMB 81 million in revenue in 2008.

China Forestry feels that acquiring Goaxin will bring a weighty advantage in pursuing its mission to capitalize on the Chinese Government’s decision to promote sustainable forest management through land tenure. Goaxin provides landscape design, engineering, construction and maintenance services to a target market of universities, parks, municipal spaces, golf course, sports venues, gardens and highways; additionally, the company maintains a seedling nursery of over three thousand acres.

Mr. Yuan Tian, CEO of CHFY, commented, “Management has invested considerable energy and effort to identify an operating business that complements our timber investments. CHFY can provide Gaoxin with access to capital

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China Technology Development Group Corp., a clean energy group focused on bringing together related technologies to create solar energy systems, announced today a cooperative agreement between China Technology Solar Power Holdings Limited (CTSP), and the United Nations Industrial Development Organization International Solar Energy Center for Technology Promotion and Transfer (ISEC-UNIDO). This agreement will co-establish the International Photovoltaic Application Laboratory (PV Lab) in Lanzhou, Gansu province on Nov 14, 2009.

CTDC, whose major shareholders include one of China’s leading state-owned conglomerates, China Merchants Group (CMG), and Beijing Holdings Limited (BHL), the biggest offshore subsidiary created by the Beijing Municipal Government, entered into a Stock Purchase Agreement with CTSP earlier this year (on Oct. 27) to gain 51-percent equity interest. CTSP develops and operates large-scale solar plants, such as the grid-connected Delingha 100MW Solar Power Project, making it a natural addition to CTDC’s structure.

The PV Lab will utilize the Delingha installation as a

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SNBP, Sinobiopharma Inc., SNBP.OB

SNBP is a fully integrated and highly innovative specialty biopharmaceutical company engaged in the research and development, manufacture and marketing of biopharmaceutical products in China, the world’s fastest growing pharmaceutical market. Known as Dong Ying (Jiangsu) Pharmaceutical Co., Ltd. in China, SNBP’s current therapeutic focus is on anesthesia-assisted agents and cardiovascular drugs.

SNBP reported that 23 generic drugs for which the Company has production rights are listed in China’s National Essential Drugs

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China Architectural Engineering Inc. (CAEI) posted a net loss of 16 cents per share for the third quarter, compared to a net profit of 18 cents in the prior-year period. The net loss in the quarter can be attributed to lower contract revenue, adjustment to estimated gross revenue of the Dubai Metro project, and increase in raw material and overhead costs. Full loss provision of the project in Doha, and losses from the discontinued construction works in the closed Shenzhen office also contributed to the earnings disappointment in the quarter.   Quarterly revenues of $25.6 million were down 54% year over year primarily due to the Dubai Metro dispute. The company said that its dispute with the master contractor of the Metro Red Line Project in Dubai, led to an adjustment to estimated gross revenue of the project, and resulted in lower recognized revenue in the quarter from ...

China-based Kandi Technologies Corp. designs and manufactures all terrain recreational vehicles (ATVs), including its battery powered, two-seater low-speed vehicle, COCO. The company today announced the sale of 30 modified, electric COCO hardtops to the Postal Service in Jihua City. This is Kandi’s first sale of its COCO super mini car in China, and represents a strategic sale that will generate a visible on-road presence for the company’s clean vehicles.

“This is a milestone event for Kandi,” Xiaoming Hu, Kandi’s chairman and CEO stated in the press release. “Representing the start of what we see could be a significant ramping up of COCO electric car sales in China to the Postal Service nationwide. They, as well as other public services, such as sanitation and taxis, are being strongly encouraged by government programs to update their fleets to reduce oil and gas consumption and help clean up the environment.”

Kandi modified the COCO

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ECOLOGIX Resource Group, a leading natural resource firm specializing in the production of timber-related alternative energy solutions, recently announced that the company expects to report record revenue by year end. ECOLOGIX has commenced operations in Cameroon ahead of schedule, leading to the company’s accelerated revenue forecast.

The company also cited leading market indicators for the increased demand leading to its advanced revenue forecast. According to the International Tropical Timber Organization (ITTO), approximately 60 percent of the timber imported to the Peoples’ Republic of China during 2008 was through Cameroon. In May 2009, China signed a voluntary partnership agreement with the European Union to ensure that only legal timber would be exported. In addition, Mr. Jia Zhibang, Administrator of the State Forest Administration of China, said that the Chinese government attaches importance to the role of forests in mitigating climate change and has already invested over US$70 billion in the timber

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In past posts, a discussion about ” hitting ‘em where they ain’t” has been going on. Generally, as the economy and equities take hold once again, this is a solid perspective to consider for profit. There are, however, a few common realities to also consider. What is happening now on the ground, so-to-speak, cannot be ignored. China’s spending of its stimulus monies happens to be one of these realities. While the US and Europe are somewhat constrained by political issues, China is not. The Chinese government works quick and decisively. If it wants domestic spending for infrastructure development, it gets it moving now and not later. Those companies that are in the middle of this ability to act are the ones that will profit.

General Steel Holdings Inc., a specialty steel manufacturer, works to produce specialty steel products in the Peoples Republic of China. The company manufacturers products such as: hot-rolled

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Harbin Electric, Inc. (HRBN) is growing quickly as it takes full advantage of the Chinese stimulus plan. Harbin has a PEG ratio of just 0.78.

Company Description

Harbin Electric is a Chinese manufacturer of electric motors, including linear motors, automobile specialty micro-motors and industrial rotary motors. It operates 3 manufacturing facilities in China but has both domestic and international customers.

Acquired Xi'an Simo Motor Group

On Oct 19, the company announced that its subsidiary had completed the acquisition of Xi'an Simo Motor Inc., a rival Chinese electric motor manufacturer with a specialty in industrial rotary motors. Xi'an employs 2,000 people.

Harbin agreed to pay a purchase price equal to no less than 6 times and no more than 8 times the 2008 audited net profits of Simo Motors.

2009 Zacks Consensus Estimate Climbs

Harbin is expected to report third quarter results on Nov 10. Ahead of the number,

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OUTLOOK The Alternative Energy industry is going through a recovery after absorbing the global recession and the cascading fall in global crude oil prices. Earlier this year, quite a few alternative energy companies were in the trough. Though these companies have recovered from their lows, their valuations are still significantly lower than their 52-week highs. The growth of alternative energy companies is closely tied to the fortunes of the economy. In its latest release, the Energy Information Administration (EIA) predicted that total U.S. electricity consumption will decline by 3.3% in 2009 before growing by 1.3% in 2010 as the improving economy coaxes a gradual recovery in electricity sales. In fiscal 2008, annual U.S. photovoltaic (PV) installed capacity grew by 63% year-over-year, bringing the cumulative installed capacity to 792MW. According to the Solar Energy Industries Association (SEIA) -- the U.S. trade association representing close to 500 companies ...

 

A new ETF giving access to Chinese A shares is to be launched in Singapore next month.

The United FTSE Xinhua China A50 ETF, to be offered by the asset management subsidiary of United Overseas Bank (UOB), will be the first China A-shares fund to be denominated and traded in Singapore dollars.

Chinese A shares are denominated and traded in Chinese yuan and listed on the Shanghai or Shenzhen stock exchanges. Historically, access to the A-shares market in China has been limited to Chinese nationals and qualified foreign institutional investors (QFIIs) approved by the China Securities Regulatory Commission (CSRC).

The FTSE Xinhua China A50 Index is designed to measure the performance of the 50 largest China A-shares companies, based on market capitalization.

ETFs tracking A shares are already dominant in the Asian market. The Hong Kong-listed iShares Asia Trust, which also tracks the FTSE Xinhua A50 Index, is the largest Asian ETF, with $6.7

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