Leo Zhang/Shanghai Daily news

Shanghai shares rose yesterday after 14 companies said they expected to post earnings growth for the first nine months of the year.
The Shanghai Composite Index, which groups yuan-denominated A shares and foreign-currency B shares, added 1.60 percent to close at 1,157.19.
The A-share Index rose 1.59 percent to 1,216.02. The B-share Index jumped 2.41 percent to 65.95, after losing 4.80 percent on Monday.
"The rosy profit prospects prompted investors to snap up shares," said Li Zhi, a Hualin Securities Co analyst. "The news partially eased concerns the government's austerity policies may have greatly dampened earnings."
Shanghai Zhenhua Port Machinery, China's biggest maker of cranes that load and unload ship container cargo, soared 4.02 percent to 8.79 yuan (US$1.06).
The company said net income for the January-September period was expected to grow 150 percent from a year earlier.
Alcohol producer Shanxi Xinghuacun Fen Wine Factory Co was pushed 1.76 percent higher to 8.08 yuan while Shanghai Jinjiang International Industrial Investment Co, a hotel operator, increased 3.60 percent to 8.35 yuan.
Both companies said profit for the first three quarters may have advanced about 50 percent on a yearly basis.
Guangzhou Development Industry (Holdings) Co, a Guangdong-based power supplier, advanced 2.10 percent to 4.37 yuan.
The company said it received 405.5 million yuan from 10-year loans from International Financial Corp, the private investment arm of the World Bank.
Shenzhen Expressway Co closed at 4.08 yuan, up 0.99 percent. The company said shareholders approved a plan to float as much as 240 million yuan of short-term bills.
Handan Iron & Steel Co, China's ninth-biggest listed steelmaker, edged up 0.31 percent to 3.19 yuan.
Yesterday's market growth, however, was hindered a bit by a government report saying that China's economic growth may slow next year.