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Zhengzhou Yutong 2008 net income up 37%

Bus maker Zhengzhou Yutong Bus Co Tuesday posted a 37 percent rise in 2008 net income on healthy investment returns, but warned that revenue may shrink considerably this year due to the global financial turbulence.

Yutong exports more buses to Cuba

Chinese automaker Yutong Group Co. Ltd. has delivered 200 mass transit buses to Cuba, the first such China-made vehicles ever exported, a company spokesman said.