January 17, 2012 (Chinavestor) China Automotive Systems (NASDAQ:CAAS) and Deer Consumer Products (NASDAQ:DEER) sent the consumer cyclical sector flying in the first two weeks of January. Capital goods stocks also made a remarkable recovery after a weak 2011 finish while energy and technology stocks continued to outperform. Petrochina Co. Ltd. (NYSE:PTR) and CNOOC Ltd. (NYSE:CEO), China's major oil producers, proved to be the best bets in 2012 so far thanks to rinsing oil prices. Technology stocks had a bumpy ride though. Chinese solar stocks had their best weeks in years, but most of them became overbought and pulled back sharply in the second part of the last week. Chinese services stocks were mixed with sector heavy weight telecom stocks weighting down the overall performance.