Shanghai Daily news

Shares in Shanghai fell more than 1 percent yesterday led by commodity-related stocks after futures prices continue to fall on international markets.
"There's growing concern a slowdown in global economic growth may dent appetite for raw materials at a time when inventories are rising," said Lu Chengde, a trader with Guosen Securities Co.
The Shanghai Composite Index, which tracks yuan-denominated A shares and foreign-currency B shares, eased 1.10 percent to 1,095.47, the lowest level since May 18, 1999, when it tumbled to 1,059.87. The A-share Index lost 1.09 percent to 1,149.91 and the B-share Index dived 2.01 percent at 68.56.
Jiangxi Copper, China's biggest producer of the metal, plunged to the 10 percent daily trading cap and closed at 4.43 yuan (53.37 US cents).
The Shanghai Futures Exchange said after the market closed on Friday that copper stockpiles had risen 52 percent to 26,176 tons from April 29 when the bourse last reported inventories.
Shandong Aluminum Corp, a listed unit of Aluminum Corp of China, the country's biggest maker of aluminum, declined 5.17 percent to 7.89 yuan. Lanzhou Aluminum Corp, China's second-largest publicly traded aluminum producer, shed 3.08 percent to 3.78 yuan.