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BEIJING, Jan. 31 (Xinhua) -- Chinese Vice Premier Wang Qishan met in Beijing Monday with a delegation from the Geneva Association (GA), an insurance economics group, headed by chairman Nikolaus Von Bomhard.Wang hoped the GA board would hold a successful board meeting in Beijing, praising the positive role the organization played in promoting reform of the international insurance industry.China's insurance industry was undergoing rapid and profound changes and development, said Wang. He hoped the GA could work with Chinese insurance companies to jointly push forward the global development of the industry.Chinese Vice Premier Wang Qishan (R) meets with Nikolaus Von Bomhard, chairman of the Geneva Association (GA), an insurance economics group, in Beijing, capital of China, Jan. 31, 2011.Von Bomhard pledged the GA's commitment to stepping up exchanges and cooperation with the Chinese insurance sector.The Geneva Association describes itself as an international insurance "think tank" for strategically important insurance and risk management issues. It is the first time that the association has hosted a board meeting in an Asian country.

SAN FRANCISCO, April 22 (Xinhua) - Amazon's web-services disruption issues have not been completely resolved Friday morning, as some websites still in slow recovery.Amazon said in an update early Friday that meaningful progress has been made and is expected to continue over the next few hours.Reddit, a social news website, said on its homepage that "we are slowly getting our capacity back," and users may be able to log in if lucky. Some sites appeared to have recovered, including location-based social networking site Foursquare and HootSuite, an online brand management and social websites monitoring service.Amazon has not released the number of companies which have been disrupted by the outage and when the web-services will fully recover.The outage highlights risks of relying on public cloud service. Security and reliability have been experts' concerns on public could web-hosting service. Many Internet startups have been relying on the service to bring their costs down.Elastic Compute Cloud (EC2) is a central part of Amazon's cloud computing platform Amazon Web Services. It allows users to rent virtual computers on which to run their own computer applications. The European Space Agency, PBS and Ericsson are all among its cloud service customers.According to Amazon's Service Health Dashboard, errors began at 1:41 a.m. PDT Thursday in its datacenter in northern Virginia, saying "instance connectivity, latency and error rates."

CHANGCHUN, Jan. 22 (Xinhua) -- Chinese Vice President Xi Jinping stressed political integrity as the most important criteria in electing Communist Party cadres, during his three-day inspection tour in northeast Jilin province, which ended Saturday.The standards of political integrity and professional competence, with the former being the most important, should be strictly observed in the upcoming election of the new term for Party Committee members at provincial, city, county and township levels, Xi, a Standing Committee member of the Communist Party of China (CPC) Central Committee Political Bureau, said.During his meeting with leaders of the provincial Party Committee and provincial government of Jilin, Xi said efforts should be made to reinforce the notion of putting people first and exercising the state power for the people among carders.Chinese Vice President Xi Jinping (2nd L front) talks with a staff member at a workshop of FAW car factory in Changchun, capital of northeast China's Jilin Province, Jan. 21, 2011. Xi made an inspection tour in Jilin from Jan. 20 to 22.While visiting a community Party organization, Xi also asked grass-roots Party organizations to give priority to building a closer bond with the public and serving the public.During his visit to several companies, including Changchun-based First Automobile Works, Xi called for efforts to develop technology-intensive industries and the manufacturing of high-end products to promote economic restructuring.He also visited flood-hit areas to observe the relocation of flood victims and reconstruction work. Jilin Province was hit by unprecedented floods last July and August.He asked local governments to rebuild flood-damaged homes as soon as possible and repair those destroyed water conservancy projects and encourage farmers to grow crops on flooded lands.

CAIRO, Jan. 23 (Xinhua) -- As part of bilateral efforts to enhance cultural cooperation between the two great civilizations, China, as the Guest of Honor, will participate in the 43rd Cairo International Book Fair in Egypt."An outstanding Chinese delegation will attend the fair to inform the Egyptian people all about Chinese culture," said Chen Dongyun, cultural counsellor of the Chinese Embassy in Egypt.Some 248 publishers, 13 renowned scholars, writers and artists will display about 10,000 books about the achievements made by China in various fields such as politics, economy, science and technology, and culture.The fair, the most important of its kind in the Arab region, will be held on Jan. 29 through Feb. 8 in the Cairo International Conference Center. The annual fair began in 1969.The Chinese hall in the center covers an area of 1,400 square meters, with special areas allocated for a variety of exhibitions about the history of the evolution of Chinese characters, photos reflecting Sino-Egypt friendship and landscape of modern China and intangible cultural heritage.The fair also includes a seminar featuring literature and translation among Chinese and Egyptian writers and artists and a week-long film show in which six Chinese films with Arabic subtitles will be introduced to the audience.Chinese participation reflected the common consensus of the leaders of the two countries to deepen mutual understanding and friendship and will serve to promote the sound and sustainable development of bilateral relations, Chen said.Zhang Jichen, vice president of China National Publications Import and Export (Group) Corporation, which is in charge of the organization of the Chinese activities at the fair, said a cooperation agreement between the General Administration of Press and Publication of China and Egypt's Ministry of Culture.China will also present some 1,000 high-quality books to the National Library and Archives of Egypt and the Alexandria Library.The fair is expected to attract 632 publishers from 29 countries, including 17 in the Middle East. More than two million visitors participate in the fair each year.

BEIJING, March 17 (Xinhua) -- The People's Bank of China (PBOC), or the central bank, auctioned 50 billion yuan (7.61 billion U.S. dollars) of three-month bills at a yield of 2.7944 percent on Thursday, temporarily easing speculation of an approaching interest rate hike.The yield on three-month bills stood unchanged from last week at 2.7944 percent.Also, PBOC sold 60 billion yuan (9.13 billion U.S. dollars) worth of 91-day repurchase agreements to banks on Thursday with a yield of 2.8 percent.Offsetting the 181 billion yuan (27.55 billion U.S. dollars) of bills and repurchase agreements that matured, PBOC took 49 billion yuan (7.46 billion U.S. dollars) of liquidity out of the money market this week through open market operations on Tuesday and Thursday.Market analysts have been watching PBOC's open market operations closely this week as the yield of its one-year bill sold on Tuesday exceeded the benchmark interest rate of one-year deposits, which some analysts interpret as a reason for an imminent interest rate hike.Chen Lan, an analyst with Guotai Junan Securities, said higher yields on central bank bills would boost PBOC's ability to absorb liquidity from the market amidst the country's economic tightening efforts."But the hike of interest rates is not an imminent task for the central bank amid the slowdown of China's industrial investment in February, which weakened consumer confidence, and economic uncertainty overseas," Chen said.China's industrial value-added output grew 14.1 percent in the first two months of this year, the National Bureau of Statistics (NBS) announced on Friday.The growth rate during the first two months was up by 0.6 percentage points compared to that in December of last year, according to figures released by the NBS.Chen predicted that PBOC will reduce its frequency to raise banks' reserve requirement ratio in coming months but said the rate hike expectation would continue this year as the government is hoping to curb the red hot property market and soaring inflation.China's consumer price index (CPI), a main gauge of inflation, rose 4.9 percent year on year in February, adding more monetary tightening pressure to the government.