Biz Scene: Market

Stocks down

The Shanghai Composite Index fell 1.61 percent to close at 5338.52 points yesterday, dragged down by property stocks on concerns about tightening measures. Turnover in A shares was 105.5 billion yuan. A total of 228 companies gained while 536 recorded losses.

Bus exports

Chinese automaker Yutong Group Co Ltd has delivered 200 mass transit buses to Cuba, the first such China-made vehicles ever exported, a company spokesman said.

In accordance with a Sino-Cuban export agreement, Cuba will import 5,348 buses or coaches from Yutong, based in Zhengzhou, capital of Central China's Henan Province, from 2007 to 2009.

The buses, worth 300 million yuan in total, will first be transported to Lianyungang from where they will be shipped to Cuba.

(China Daily 09/27/2007 page15)