Fu Chenghao/Shanghai Daily news

Stock markets on China's mainland dipped yesterday, led by carmakers after a senior official said the country's auto output will far exceed demand by 2010.
The Shanghai Composite Index, which groups yuan-denominated A shares and foreign-currency B shares, ended down 0.14 percent at 1,088.65. The A-share Index dipped 0.14 percent to 1,144.24 while the B-share Index edged down 0.06 percent to 60.85.
The Shenzhen Composite Index, which tracks China's smaller bourse, slid 0.08 percent to 265.42.
If the overheating investment is not effectively curbed, China's annual auto production capacity will reach 20 million units by 2010, compared with a demand of 9 million based on the current growth rate, the China Securities Journal reported yesterday, citing Chen Bin, deputy director of the National Development and Reform Commission's industry department.
As a result, automakers' shares were badly hit with Shanghai Automotive Co, the listed arm of China's biggest carmaker, crashing 2.30 percent to close at 2.98 yuan (37 US cents) while Tianjin FAW Xiali Automobile Co finished at 4.03 yuan, down 1.71 percent.
"Expensive fuel and increasing traffic also added to investors' concerns over the automobile industry," said Dai Ming, an analyst at Fortune Securities Brokerage Co.
However, airlines gained - China Southern Airlines Co surged 3.09 percent to 2.67 yuan and China Eastern Airlines Corp advanced 1.20 percent to finish at 2.52 yuan.
Rising futures prices of non-ferrous metals on global markets also boosted Jiangxi Copper Co, China's largest producer of the metal, to end at 4.82 yuan for a jump of 7.35 percent. Yunnan Copper Industry Co gained 2.97 percent to 3.81 yuan.
Also yesterday, the ninth batch of 20 companies, including the nation's biggest publicly traded telecommunications equipment maker ZTE Corp, announced they are to join the share reform with an average 2.77 bonus shares for every 10 held being offered to minority public investors.