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BEIJING, Dec. 27 (Xinhua) -- The People's Bank of China (PBOC), China's central bank, announced Tuesday that it is banning local regions, institutions or individuals from setting up gold exchanges apart from the existing Shanghai Gold Exchange and Shanghai Futures Exchange.The country also bans the establishment of any gold trading platforms in other exchanges, a statement on the PBOC website said.The statement said the country has ordered a cease to the building of any new gold exchanges or trading platforms. Those which have opened for business must cease operations.The ban came amid bigger risks in gold trading after some local regions, institutions and individuals grew enthusiastic in setting up gold exchanges and trading platforms in recent years as gold prices soared, which led to a surge of illegal practices due to inadequate management, the statement said.It added the central bank will work with the Shanghai Gold Exchange and Shanghai Futures Exchange to boost the healthy development of the country's gold trading market.

SAN FRANCISCO, Oct. 5 (Xinhua) -- Microsoft announced Wednesday that it will bring cable television content to its Xbox video game console over the upcoming holiday season, expanding the console into an entertainment hub.According to the company's press release, nearly 40 world- leading TV and entertainment providers such as HBO GO and BBC will stream their content through the Xbox Live service in more than 20 countries and regions.Users will be able to sift through shows online with the Kinect motion sensor device for Xbox 360 and Bing voice search, Microsoft said.To watch TV programs via Xbox as an alternate delivery system, customers have to already subscribe to the TV services and Microsoft's Xbox Live Gold service of 60 U.S. dollars per year."Today's announcement is a major step toward realizing our vision to bring you all the entertainment you want, shared with the people you care about, made easy," Microsoft said in the press release.Microsoft first entered the gaming console market in 2001 with the Xbox, the predecessor to the Xbox 360. The Xbox 360 currently competes with Sony's PlayStation 3 and Nintendo's Wii as the seventh generation of video game consoles.In June, Microsoft said 35 million people subscribed Xbox Live service around the world, spending an average of 60 hours a month playing games and watching movies and shows. Last year, the company integrated social networking features into Xbox Live, allowing users chat with each other while watching programs.

SAN FRANCISCO, Nov. 14 (Xinhua) -- Google is running a secret research lab in the San Francisco Bay Area, where the tech giant invests to experiment and invent what may be world-changing technologies for the future, U.S. media reported on Monday.According to The New York Times, at the lab dubbed Google X, engineers are working at some 100 projects from robots, smart refrigerators to Internet-enabled dinner plates and a "space elevator," a proposed non-rocket space launch structure.An unnamed Google engineer familiar with the lab told the newspaper that it was run as mysteriously as the CIA with two officers, a nondescript one for logistics on the company's Mountain View campus and one for robots in a secret location.Scientists working at the lab include many roboticists and electrical engineers hired from Microsoft, Nokia labs, Stanford, MIT, Carnegie Mellon and New York University. Google's co-founder Sergey Brin is said to be "deeply involved" in Google X.The lab is reportedly headed by Sebastian Thrun, one of the world's top robotics and artificial intelligence experts. He teaches computer science at Stanford University and invented the world's first self-driving car.A Google spokeswoman would not confirm the existence of the lab, but said Google likes to invest in speculative projects."While the possibilities are incredibly exciting, please do keep in mind that the sums involved are very small by comparison to the investments we make in our core businesses," she told The New York Times.

SANYA, Hainan, Dec. 4 (Xinhua) -- The five BRICS nations intend to focus and work together on developing alternative energy sources.When Bu Xiaolin, vice governor of China's coal-rich Inner Mongolia autonomous region, spoke over the weekend in front of hundreds of BRICS delegates on regional energy strategies, she mentioned little of the fossil fuels that have long contributed to the region's growth.Like many other speakers at the 1st BRICS Friendship Cities and Local Governments Cooperation Forum, which ran from Dec. 1-3 in Sanya, Hainan province, she devoted large part of her speech to discussing wind and solar energy."Facing the prospects of running out of fossil energy and the related environmental issues, developing new energy is an inevitable choice," said Bu.The forum at this seaside resort over the weekend attracted hundreds of local governors, scholars and business people from the BRICS nations -- Brazil, Russia, India, China and South Africa -- to discuss city-to-city cooperation, and new energy was among the top agenda topics.Consensus had been reached at the forum that the five countries should strengthen dialogue and cooperation for provincial and local partnerships, including infrastructure, green economy and technology transfer."We are very willing to cooperate with BRICS countries on new energy innovations, promotion and market development," said Bu.According to Bu, Inner Mongolia has huge potential in new energy, with 380 million kilowatts of exploitable wind power resources, accounting for more than half of China's on-shore wind power resources.The region is aiming for a total installed capacity of 33 million kilowatts for wind power and one million kilowatts for solar power by the end of 2015, she added.At national level, the Chinese central government expects to bring the country's total wind power installed capacity up to 150 million kilowatts in the next five years, according to national development plans.Meanwhile, in Brazil, there is movement to replace fossil energy with new energy in daily use, said Jailson Lima Da Silva, State Representative of the National Union of State Legislatures of Brazil.The country is working to increase the nation's wind power capacity, and new energy is expected to account for 65 percent of the nation's total energy consumption, he said."Brazil is optimistic on wind power exploitation, which will be one of the major fields of future investment," he said.Silva expressed hopes to work with China on new energy, especially solar power and biomass energy. "Brazil has large potential in solar energy, while China is a leading producers of solar equipment," he said.According to Mlibo Qoboshiyane, a member of the Executive Council of Eastern Cape, South Africa, the African nation is also investing extensively in wind and solar energy.South Africa has just unveiled a 12-billion-U.S.-dollar program on renewable energy development, which would largely be spent on wind and solar power and reduce the use of traditional energies, said the official.It would be helpful to exchange technologies and valuable information between the BRICS countries to keep consumption of new energies sustainable and affordable, he said. 

BEIJING, Dec. 10 (Xinhua) -- Pharmaceutical producers will risk having their operation license revoked if they use prohibited chemicals as medicine ingredients or involved in fake drug production, China's drug regulator said in a circular Saturday.The State Food and Drug Administration said it would name and shame pharmaceutical companies if they make phoney medicine and withdraw the operation licenses of pharmacies if they intentionally sell unqualified drugs.The circular came in the wake of several counterfeit medicine scandals uncovered by Chinese police in the past few months.On Nov. 4, police seized more than 65 million imitation medicinal tablets and arrested 114 suspects in a cross-provincial raid on counterfeit drugs.In October, police raided on an illegal drug production and sale network and ended up with the seizure of 190 million yuan (29.9 million U.S. dollars) worth of counterfeit drugs.The suspects were found to have used starch or corn powder as ingredients for bogus medicine, or re-packaged expired pharmaceuticals.Police also found animal feed and chemical pigments in the counterfeit products.