NEW YORK ( TheStreet) -- 10 China ADRs outperformed the Shanghai Composite Index and S&P 500 Index over the past week. These top 10 performers registered double-digit gains; in comparison Shanghai Composite Index gained 1.4% and S&P 500 Index declined 0.7%.Among these top 10 China ADRs, China Techfaith Wireless Communication Technology (CNTF - Get Report) soared 17.7% during the past week after the company reported a 62% increase in its second-quarter profit. Revenue increased 32% to $65.5 million as compared to the same period a year ago led by sale of 691,000 mobile products. For the third quarter, the company predicts revenue in the range of $66 million to $68 million.
10 China ADRs Outperform S&P, Shanghai
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