China Stocks to Watch This Week

Updated from 11:27 a.m. EST

Stocks based in China that trade in the U.S. as American depositary receipts, or ADRs, jumped higher for the second day in a row on Monday as Far East markets rallied and rumors swirled around trading desks that the U.S. and Chinese governments were considering plans to accelerate stimulus plans to keep their economies from suffering any further deterioration.

Some of the Chinese ADRs that saw big gains on Monday included Xinyuan Real Estate(XIN Quote), which surged 7.3%; Focus Media(FMCN Quote), which traded up 7%; Yingli Green Energy(YGE Quote), which added 6.9%; and Home Inns & Hotels Management(HMIN Quote), which rose 6.3%.

TheStreet.com's Jim Cramer can't get enough of China. On Monday, he said he wants to double down on China right here. He explained that China has a tremendous amount of flexibility and the communist country could be the key to turning around the world economy.

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In Tuesday trading, Xinyuan Real Estate closed at $3.42 per share (up 2.1% for the day; up 40.2% year-to-date), Focus Media closed at $7.32 per share (down 1.9% for the day; down 19.5% year-to-date), Yingli Green Energy closed at $5.33 per share (up 1.1% for the day; down 12.6% year-to-date) and Home Inns & Hotels Management closed at $8.21 per share (down 3.5% for the day; down 4.3% year-to-date).