UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO.5)

SCHEDULE 13D/A

QIAO XING MOBILE COMMUNICATION CO.LTD
(Name of Issuer)

Common Stock
(Title of Class of Securities)

G73031109
(CUSIP Number)

Shah Capital Management
8601 Six Forks Road, Suite 630
Raleigh, NC 27615
Tel. No.: (919) 719-6360
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

August 1, 2011
(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule
13G to report the acquisition that is the subject of this Schedule
13D, and is filing this schedule because of 240.13d 1(e), 240.13d 1(f)
or 240.13d 1(g), check the following box.

Note: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule 13d 7
for other parties to whom copies are to be sent.

*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information
which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be
deemed to be filed for the purpose of section 18 of the Securities Exchange
Act of 1934 (Act) or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).

(1) Names of reporting persons:

Shah Capital Management

(2) Check the appropriate box if a member of a group:
(a)
(b)

(3) SEC use only

(4) Source of funds (see instructions)

OO

(5) Check if disclosure of legal proceedings is required pursuant
to Items 2(d) or 2(e) of Schedule 13D

N/A

(6) Citizenship or place of organization

NORTH CAROLINA

Number of shares beneficially owned by each reporting person with:

(7)  Sole voting power

0

(8) Shared voting power

5,549,378

(9) Sole dispositive power

0

(10) Shared dispositive power

5,549,378

(11) Aggregate amount beneficially owned by each reporting person

5,549,378

(12)  Check if the aggregate amount in Row (11) excludes certain shares
(see instructions)

N/A

(13) Percent of class represented by amount in Row (11)

9.58%

(14) Type of reporting person (see instructions)

IA

SCHEDULE 13D

Item 1. Security and Issuer

Common Stock of Qiao Xing Mobile Communication Co, Ltd.

Qiao Xing Mobile Communication Co, Ltd.
6 Zhongguancun South Street
10th Floor CEC Building
Beijing,  100086
China

Item 2. Identity and Background

(a). Name: SHAH CAPITAL MANAGEMENT.

(b). Business Address: 8601 Six Forks Road, Suite 630, Raleigh, NC 27615

(c). Principal business: Asset management

(d). During the last five years, the reporting person has not been convicted
in a criminal proceeding.

(e). During the last five years, the reporting person has not been a party to
a civil proceeding of a judicial or administrative body of competent
jurisdiction.

(f). N/A

Item 3. Source and Amount of Funds or Other Consideration

In making the purchases of the shares of Common Stock, the reporting person
uses the assets under management.

Item 4. Purpose of the Transaction

Item 4 shall be amended and restated as follows
The reporting person originally purchased the shares of Common Stock based on
its belief that the shares of Common Stock, when purchased, were undervalued
and represented an attractive investment opportunity. The reporting person has
discussed with the Issuer its belief that the Issuer can create shareholder
value by taking certain actions, including without limitation, (i)
addressing the Net Cash Value issue of the Issuer that has remained unnoticed
and unrecognized by the market for a prolonged period; (ii) taking such
standard, common measures that other cash-rich companies often take
that could enhance the worth of this undervalued asset; and (iii) increasing
the manpower for facilitating timely informational filings with authorities
and to stay in touch with the investment community on a regular basis to
keep them informed with the latest corporate information. The reporting
person intends to review its investment in the Issuer on a continuing basis
and in connection therewith, intends to engage in discussions with the Board
of Directors, members of management, and/or other shareholders concerning
the business, assets, capitalization, financial condition,   operations,
management, strategy, and future plans of the Issuer, which discussions may
include proposing or considering one or more of the actions described
in subsections (a) through (j) of Item 4 of Schedule 13D. Subject to
applicable law and regulations, and depending upon certain factors, including
without limitation, general market and investment conditions, the
financial performance and strategic direction of the Issuer and the
availability of shares of Common Stock at prices that would
make the purchase of such shares desirable, the reporting person may, among
other things, increase its position in the Issuer through the purchase of
shares of Common Stock on the open market or in private transactions
or otherwise, on such terms and at such times as the reporting person
deems advisable. In addition, the reporting person may, from time to
time and at any time, acquire additional common shares and/or other
equity, debt, notes, instruments, or other securities of the Issuer
(collectively, Securities) in the open market or otherwise. The reporting
person reserves the right to dispose of any or all of its Securities in
the open market or otherwise, at any time and from time to time,
to engage in any hedging or similar transactions with respect to
the Securities, and/or otherwise change its intention
with respect to any and all matters referred to in this Item 4.

Item 5. Interest in Securities of the Issuer

(a) Aggregate number of shares owned: 5,549,378
    Percentage of class of securities owned: 9.58%

(b) Sole power to vote or to direct to vote: 5,549,378 shares
    Sole power to dispose or to direct the disposition: 5,549,378 shares

(c) Bought 398,666 shares @ $1.90 from 08/01/11 to 08/02/11 for $760,000

(d) to (e). Not Applicable

Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer

Not Applicable

Item 7. Material to be Filed as Exhibits

Not Applicable

Signature

After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true,
complete and correct.

Date: August 3, 2011

Signature: Himanshu H. Shah/Sd.

Name/Title: Himanshu H. Shah, President and CIO