China Stocks: Anjie Technology, Poly, Vanke, Xiamen Tungsten

Bloomberg reported some companies had unusual moves in China trading as the Shanghai Composite Index (SHCOMP) dropped 17.33 points, or 0.7 percent.

As quoted in the market news:

Xiamen Tungsten Co. (600549) (600549 CH), China’s largest maker of tungsten products, added 1.8 percent to 36.21 yuan. The Shanghai Securities News said the government will soon release a plan to develop the industry over the five years through 2015. The government plans to set up a reserve system for rare earths, tin, tungsten and other minor metals, according to the newspaper said, citing an unidentified deputy director of the China Nonferrous Metals Industry Association.

Click here to read the full Bloomberg report.