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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.
VIENNA, Oct. 31 (Xinhua) -- Visiting Chinese President Hu Jintao met his Austrian counterpart Heinz Fischer here Monday and laid out a multi-point proposal to further strengthen bilateral cooperation.During the meeting, Hu spoke highly of the ties between the two countries, saying that China values its relations with Austria and is willing to join hands with Austria to elevate bilateral ties to a higher level.Then he proposed that the two sides enhance their political relationship based on equality and mutual trust, continue with their frequent high-level contacts and steer bilateral relations from a strategic and long-term perspective.The two countries should also expand their mutually beneficial economic and trade relations, he said, while calling for concerted efforts to fight trade protectionism and encourage mutual investment so as to achieve a balanced, diversified and sustainable trade relationship.Visiting Chinese President Hu Jintao (L) shakes hands with his Austrian counterpart Heinz Fischer (R) in Vienna, Austria, Oct. 31, 2011. Hu Jintao held talks with Heinz Fischer in Vienna Monday.China is willing to import more goods from Austria and to work with Austria to seek cooperation with third countries in Central and Eastern Europe, said the Chinese president, who also asked Austria to create favorable conditions for Chinese investors in Austria.Meanwhile, Hu urged Vienna to play a more active role in pushing for the EU's recognition of China's full market economy status and for a lift of the bloc's restrictions on high-tech exports to China.In the culture sphere, the two sides should promote people-to-people exchanges and boost cooperation in culture, eduction and media among others, Hu said.In addition, the two countries should also deepen cooperation in multilateral mechanisms to jointly push for a more just and fairer international political and economic order, Hu said.China, he added, is willing to enhance cooperation and coordination with Austria on important issues such as global economic governance, climate change, energy security and peaceful settlement of international disputes.History has proven that as long as the two sides understand and support each other, and respect each other's social systems and development models, the bilateral relationship can achieve long-term, steady and healthy development, Hu said.Fischer, for his part, said that he fully agrees with Hu's proposal, adding that his country is willing to enhance cooperation with China in culture, science and technology and tourism and expand coordination in the United Nations and other multilateral frameworks.

BEIJING, Nov. 5 (Xinhua) -- Chinese President Hu Jintao's speech at the sixth Group of Twenty (G-20) Summit has drawn positive comments from the international community, which praised the address for proposals for efforts to maintain world economic growth and financial stability.In the speech delivered at the Nov. 3-4 summit in Cannes, France, Hu put forward a package of proposals urging the world's major economies to work together to promote growth and financial stability."It is imperative that we stand on a higher plane, transcend differences on specific issues, move beyond short-term considerations, and jointly seek ways to overcome the crisis and sustain development," Hu told the summit.Chinese President Hu Jintao gives a speech at the Group of Twenty (G20) summit in Cannes, France, Nov. 4, 2011."At this critical moment, the G-20 must work to address the key problems, boost market confidence, defuse risks and meet challenges and promote global economic growth and financial stability," Hu said.Reporting developments at the G-20 summit, the Reuters news agency quoted Hu as saying in the speech: "As the premier forum for international economic cooperation, the G20 must continue to demonstrate the spirit of standing together in times of adversity and pursuing win-win cooperation. At this critical moment, the G20 must work to address the key problems, boost market confidence, defuse risks and meet challenges, and promote global economic growth and financial stability."Reuters also said Hu hopes to send a clear message of ensuring economic development and boosting stablity to the international community.The French newspaper Le Figaro reported that Hu expressed confidence that Europe could overcome its debt crisis.The website of Estado de Sao Paulo, Brazil's daily newspaper, quoted Hu as saying that China has made contributions to world economic growth, and that an imperative task for the G-20 summit was to maintain economic growth.At the summit, Hu said that a priority for world leaders is to maintain robust economic growth, and called attention to the maintenance of domestic growth in China, which would benefit the world economy, the newspaper reported.The newspaper also cited Hu as calling for advancing reform of the international monetary system in a steady manner, expanding the use of the Special Drawing Rights of the IMF, reforming the SDR currency basket, and building an international reserve currency system with stable value, rule-based issuance and manageable supply.O Globo newspaper of Brazil reported that in the speech, Hu demanded that Western countries stop exerting pressures on emerging economic powers to compel them to appreciate their currencies.The newspaper quoted Hu as saying: "To keep asking emerging markets to revalue their currencies and reduce exports will not lead to balanced growth. On the contrary, it would only plunge the global economy into a 'balanced recession' and make sustainable growth impossible."In a related development, Robert Zoellick, president of the World Bank, issued a statement on the G-20 summit on Friday, saying: "The G-20 today presented an agenda to restore confidence in the global economy through its commitment to reinvigorate growth, create jobs, ensure financial stability, and make globalization more sustainable and inclusive."The global economy is still very much at risk from faltering economies in developing countries, and the Eurozone deal has bought some time, and the challenge is how to use the time, Zoellick said."I believe it would be very useful if the G20 leaders can send a strong signal on follow-through after the Eurozone announcement so as to sustain and build confidence," Zoellick noted.
BEIJING, Dec. 11 (Xinhua) -- A draft regulation on school bus safety management was made public Sunday by the Legislative Affairs Office of the State Council, with the public invited to submit comments on it.The draft stipulates that local governments above the county level should take "overall responsibility" in school bus safety, and authorities of education, public security, transportation and product quality supervision should also properly perform their respective duties.The government will establish and improve a system of mandatory technical standards for the quality of vehicles used as school buses, the draft stated. Primary school students queue up to get on the school bus to go home after school in Deqing County, east China's Zhejiang Province, Nov. 21, 2011. Local government of Deqing County has invested 20 million yuan (3.14 million U.S. dollars) to order 79 school buses, which are specially designed for children with smaller seats and seat belts as well as bright yellow color to have better warning function. Among the 79 buses, 14 ones have truck-style front ends, and this appearance like a long nose can effectively reduce the impact force and better protect children's safety. Drivers of such kind of school buses are required not to exceed 60 kilometers per hour. Nearly 6,000 children from 25 primary schools have benefited from the operation of this kind of school bus in Deqing County.China issued a set of technical standards for school buses for primary school students last year, and the drafting of another standard for buses for the kindergartners is also underway.According to the draft, the government will adopt a license system for school bus operation.Vehicles that are up to school bus standards and with a unified appearance will be first in line to obtain approval from education authorities, and the draft also requires buses to register at the traffic administrative agencies before they can be used as school buses.Instead of compulsory annual safety checks, the draft would require school bus owners to renew their safety qualifications every six months.Drivers should also check the safety condition of the buses before each commute, the draft said.The draft asks schools and the school bus service providers to intensify safety management and maintenance and assign special staff on buses to look after students on board.
RIYADH, Jan. 15 (Xinhua) -- Visiting Chinese Premier Wen Jiabao and Saudi Arabia's King and Prime Minister Abdullah bin Abdul-Aziz agreed on Sunday to make concerted efforts to enhance bilateral relations under a strategic framework.In their meeting, Premier Wen said Saudi Arabia is a major country in the Arab and Islamic world, which plays a significant role in regional and international affairs.He said China respects Saudi Arabia's political system, development mode as well as its culture and traditions, and is grateful for Saudi Arabia's understanding of and support for China regarding the latter's core interests and major concerns.As the world is undergoing profound changes, China is willing to strengthen coordination with Saudi Arabia on major issues, develop an all-around cooperative partnership in the energy sector, expand cooperation in trade, investment, infrastructure, high-tech, finance, security and law enforcement, so as to enrich the contents of the bilateral relations, he added.King Abdullah said that the government and people of Saudi Arabia cherish friendly feelings for China, and that he believes the strengthening of bilateral cooperation will benefit peoples of both countries.The Saudi king proposed setting up a Saudi Arabia-China high level committee to supervise the two countries' cooperation in the political, economic, cultural and security sectors. Premier Wen agreed with this proposal.On the situation in West Asia and North Africa, the visiting Chinese premier said China respect the choice of the peoples in those countries, understand and support their appeal for reforms, and back the role of regional bodies like the Arab League in maintaining stability.For his part, King Abdullah noted it was the objective of Saudi Arabia's foreign policy to maintain regional peace and stability. Saudi Arabia and China enjoy a high level of mutual trust and share similar views on many issues, he said, adding that the Saudi side wishes to step up consultation and coordination with China.Premier Wen has also met with top Saudi leaders, Secretary General of the Organization of Islamic Cooperation Ekmeleddin Ihsanoglu, and Secretary General of the Gulf Cooperation Council Abdullatif al-Zayani.In a joint statement, the two sides hailed Premier Wen's visit to Saudi Arabia as a complete success, which will contribute to their long-term friendly cooperative relations.The statement said both countries were satisfied with the progress made in bilateral cooperation, and pledged to further enhance relations within the framework of strategic relationship, so as to benefit the two peoples and contribute to regional and world peace, stability and development.The two countries agreed in the document to conduct more high-level exchanges of visits, and to expand trade, investment and cooperation in a wide range of areas. The Saudi side also reiterated its adherence to the one-China policy.Wen arrived in Saudi Arabia Saturday evening after an official visit to Nepal.After his stay in Saudi Arabia, the Chinese leader will continue his visit to the United Arab Emirates and Qatar.
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