Fu Chenghao/Shanghai Daily news

The Shanghai stock market ended the week above the psychologically important 1,200-level despite its fall yesterday amid profit taking in blue chips.
The Shanghai Composite Index, which tracks yuan-denominated A shares and foreign-currency B shares, yesterday fell 0.36 percent to 1,212.95, backing away from the one-year moving average of 1,220.
The A-share Index lost 0.36 percent to 1,274.61 while the B-share Index gained 0.24 percent to 69.15.
"Investors were cautious and there's always narrow movement before the market challenges 1,220," said Wang Xiaomin, an analyst at Xiangcai Securities Co.
The Shanghai Composite Index has tested the 1,200-level repeatedly in the week. On Thursday, it finished at 1,217.28, its highest close since it was at 1,234.33 on April 14.
Cosco Shipping Co, a unit of China's biggest shipping line, rose 0.65 percent to close at 9.36 yuan (US$1.15).
Gains from second-tier blue chips such as Cosco and small caps were offset by a decline in market heavyweights that faced profit taking, dealers said.
China Petroleum & Chemical Corp, Asia's top oil refiner, dropped 1.39 percent to 4.25 yuan.
China United Telecommunications Corp, which controls the country's No. 2 mobile phone operator, lost 0.74 percent to 2.69 yuan.