ZHONGPIN Inc, a Chinese food processor and distributor, climbed as much as 14 percent in Nasdaq trading after forecasting full-year sales that topped some analysts' estimates.

Zhongpin gained 85 cents to US$9.35 as of 9:35am New York time in Nasdaq trading after reaching US$9.70 for the biggest intraday advance since October 29. The stock lost 35 percent this year before yesterday. Sales for 2008 are projected at US$490 million to US$520 million, Zhongpin, based in Changge, said yesterday in a statement sent by PR Newswire.