Editorial Summary

Chinese real estate company China Vanke Co., Ltd. (000002.SZ) booked RMB 6.7 billion in 2007 sales, up 227.5 percent year-on-year, according to a company filing with the Shanghai Stock Exchange. Vanke recorded RMB 10.1 billion in sales in the first quarter of 2008, up 119.1 percent from the same period last year. Shares of Vanke rose 1.77 percent to close at RMB 26.46 in Shenzhen on Tuesday.

China Petroleum & Chemical Corporation (Sinopec Corp.) (600028.SH, 386.HK, NYSE: SNP) lost RMB2,162 on each ton of gasoline it produced in March, and RMB 3,000 on each ton of diesel fuel, reports 21st Century Business Herald quoting company chairman Su Shulin. The government-set price ceiling is the largest challenge for Sinopec, said Su. Sinopec lost a total of RMB 13.6 billion on its oil refining business in 2007, according to the company¡¯s annual report. Shares of Sinopec fell 1.85 percent to close at RMB 12.75 in Shanghai on Tuesday.