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SAN FRANCISCO, Nov. 17 (Xinhua) -- Online retail giant Amazon is working on a smartphone scheduled to be released in the fourth quarter of 2012, U.S. media reported Thursday.A note from Citigroup analyst Mark Mahaney obtained by technology news site All Things Digital said that based on the supply chain checks in Asia, Amazon is believed to launch a smartphone in the fourth quarter of 2012.According to the note, Amazon is working with manufacturer Foxconn and the device will run Texas Instruments' OMAP 4 processor. The Kindle Fire, the latest tablet introduced by the e- commerce giant, also uses OMAP processor.The analyst said the smartphone will cost Amazon between 150 and 170 U.S. dollars to build and the company could sell the handset at or near its cost rather than a 30 percent gross margin like many other smartphone manufacturers usually do.The move is expected to further intensify Amazon's rivalry with Apple and Google after the e-commerce giant had made moves on some booming businesses like tablet computer and cloud-computing service.

TOKYO, Jan. 24 (Xinhua) -- Japanese Foreign Minister Koichiro Gemba said Tuesday that Japan will seek to take a less inward- looking stance when it comes to diplomacy in the Asia-Pacific region.Specifically he said that Japan will look to enhance diplomatic ties with China based on mutually beneficial goals."With China, this year marks the 40th anniversary of normalizing diplomatic ties. We will aim to deepen the mutually beneficial relationship based on common strategic interests," Gemba said Tuesday in his first foreign policy speech in parliament.He went on to say that Japan plans to proactively make " concrete efforts" to strengthen its ties with China and establish more "open and multilayered networks" in the best interests of both countries.

ATHENS, Jan. 20 (Xinhua) - A seven- month- old Libyan baby died in an Athens Children's hospital on Friday in the first fatality linked to the H1N1 flu virus of the new year in Greece, local authorities reported.According to local media reports citing Greek doctors who treated the boy, he had been infected with the virus in Libya, where he was diagnosed with common flu and received insufficient therapy, before transferred to Greece.An Ukrainian woman who is being treated in another Greek hospital for pneumonia is the second severe case of the swine flu to be reported in the country this season.Last year deaths caused by the H1N1 virus in Greece climbed exceeded the 100 victims and many more patients were treated for complications caused by the virus which first emerged in 2009 in Asia and developed into a worldwide pandemic.Greek Centre for Disease Control and Prevention (KEELPNO) experts noted that Greece does not face a high risk so far this year, but suggested to people of vulnerable groups that reach up to 1.5 million persons in Greece, to get vaccinated.Last year's high number of fatalities was attributed to the fact that several people who should have been vaccinated, skimped vaccination which is not obligatory.

SHANGHAI, Dec. 9 (Xinhua) -- China's homegrown C919 large passenger plane has finished its preliminary development review and entered the development phase, a senior executive of Commercial Aircraft Corporation of China Ltd. (COMAC) in Shanghai said Friday.An expert team of the C919 project has approved the overall preliminary development review (PDR) of the passenger jet, said Jin Zhuanglong, president of the Shanghai-based COMAC.It is expected that the manufacturing process for the components of the prototype will begin by the end of 2011.COMAC signed a deal to sell 20 C919 large passenger planes to China Aircraft Leasing Company Limited (CALC) on Thursday.Up to now, the users of C919 large passenger planes have reached 10 and total orders amount to 215 units.COMAC said earlier it would develop both 168-seat and 156-seat models of the jet, with more models to be developed in the future.It also said that test flights for the single-aisle C919 were scheduled for 2014, and delivery is slated for 2016.

BEIJING, Dec. 16 (Xinhua) -- Trade volume between China and the Association of Southeast Asian Nations (ASEAN) in 2010 was 36 times what it was in 1991, the year in which formal relations between the two sides were established, according to new statistics.The volume is expected to reach 500 billion U.S. dollars in 2015, according to figures revealed Friday at the China-ASEAN Beijing Economic Forum, an event taking place in China's capital from Dec. 16 to 18 to commemorate the 20th anniversary of the China-ASEAN relations.Ma Mingqiang, secretary-general of ASEAN-China Center, said China-ASEAN trade volume totaled 267 billion U.S. dollars in the first three quarters of 2011 and is expected to hit the annual target of 350 billion dollars this year.He said the two parties have become closely linked in the past two decades, as China is now ASEAN's largest trade partner while ASEAN ranks the third among China's trade partners.With the comprehensive implementation of the China-ASEAN Free Trade Agreement in 2010, China has made 90 percent of commodities traded between China and ASEAN countries free of tariffs.China and ASEAN have enjoyed rapid social and economic growth since they established bilateral cooperation, said Surin Pitsuwan, ASEAN secretary-general.ASEAN can provide human resources, natural resources and raw materials for China's industrial development, and it in turn wants to win more investment from China, said Pitsuwan.He said the cooperation not only is a win-win solution for both sides, but will also make a positive contribution to the world.Guo Jinlong, mayor of Beijing, said the city saw a 21.5 percent year-on-year increase in trade volume with ASEAN in 2010, and will further strengthen its cooperation with the countries.ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.