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BEIJING, Sept. 28 (Xinhua) -- Chinese State Councilor Liu Yandong met here on Wednesday with Paul Otellini, president and chief executive officer (CEO) of U.S. computer chip giant Intel Corp.Liu praised Intel's development strategy of expanding investment in China and showed appreciation for the company's support of the development of China's education sector as well as its commitment to good corporate citizenship.She briefed Otellini on China's 12th Five-Year Plan, the recent developments in education and the mechanism for China-U.S. High-level Consultation on People-to-People Exchange.Chinese State Councilor Liu Yandong (R) meets with Paul Otellini, president and chief executive officer (CEO) of U.S. computer chip giant Intel Corp, in Beijing, capital of China, Sept. 28, 2011.She said bilateral people-to-people exchanges have made great achievements, with extensive consensuses reached on cooperation in the areas of education, science and technology, culture, sports, women and youth in the last two years.She hoped Intel will give full play to its advantages and deepen cooperation with China's Ministry of Education, so as to make new contributions to bilateral people-to-people exchanges.

CHICAGO, Aug. 25 (Xinhua) -- Gold futures on the COMEX Division of the New York Mercantile Exchange on Thursday bounced off the biggest drop since March 2008, as the weakness in stock market enhanced appeal of gold as a safe-have investment.The most active gold contract for Dec. delivery gained 5.9 U.S. dollars, or 0.3 percent, to 1,763.2 dollars per ounce. The metal suffered on Wednesday the biggest one-day drop since March 19, 2008.Market analysts said that gold extended losses in earlier trading, hit by a margin-requirement increase, but the drop in global stock market gave a push to the metal. Both Dow Jones industrial average and S&P 500 declined on Thursday after a 3-day rise as a government report showed U.S. jobless claims rose last week.Besides, market hearsay went that Germany might be next to get a sovereign-debt downgrade, adding to the positive tone on gold market. German equity market also suffered sharp drop in the day.Many market watchers remained long-term bullish attitude toward gold although they said the precious metal could correct further in the short term. A trader noted that the fundamental factors driving uncertainty and fears are all still there.Expectations are growing that the Federal Reserve Chairman Ben Bernanke would not provide any form of stimulus in a speech scheduled for Friday at a yearly gathering of central bankers in Jackson Hole.Silver for Sept. delivery also rose 1.583 dollars, or four percent, to 40.745 dollars per ounce. Platinum for Oct. delivery lost 3.9 dollars, or 0.2 percent, to 1822.4 dollars per ounce.

LOS ANGELES, June 8 (Xinhua) -- NASA's Mars Exploration Rover Opportunity is heading toward "Spirit Point" on the rim of a large crater, a long-term destination that the rover has been trying to reach for nearly three years, the Jet Propulsion Laboratory (JPL) announced on Wednesday.Opportunity has moved toward the crater, Endeavour, since climbing out of Victoria crater in August 2008.Having driven 11 miles (18 kilometers), the rover has about two miles (about three kilometers) to go before reaching the rim of Endeavour, said JPL in Pasadena, Los Angeles.Rover team members last week selected "Spirit Point" as the informal name for the site on the rim where Opportunity will arrive at Endeavour crater. The choice commemorates Opportunity's rover twin, Spirit, which has ended communication and finished its mission."Spirit achieved far more than we ever could have hoped when we designed her," said Steve Squyres of Cornell University, Ithaca, New York, principal investigator for the rovers. "This name will be a reminder that we need to keep pushing as hard as we can to make new discoveries with Opportunity. The exploration of Spirit Point is the next major goal for us to strive for."Endeavour offers the setting for plenty of productive work by Opportunity. The crater is 14 miles (22 kilometers) in diameter -- more than 20 times wider than Victoria crater, which Opportunity examined for two years. Orbital observations indicate that the ridges along its western rim expose rock outcrops older than any Opportunity has seen so far. Spirit Point is at the southern tip of one of those ridges, "Cape York," on the western side of Endeavour.Opportunity and Spirit completed their three-month prime missions on Mars in April 2004. Both rovers continued for years of bonus, extended missions. Both have made important discoveries about wet environments on ancient Mars that may have been favorable for supporting microbial life.NASA's JPL, a division of the California Institute of Technology in Pasadena, manages the Mars Exploration Rover Project for the NASA Science Mission Directorate, Washington.

BEIJING, Aug. 13 (Xinhua) -- Chinese rating agency Dagong Global Credit Rating Co. on Saturday defended its AAA rating given to the Ministry of Railways, which has been under public fire over a train collision last month.The ministry received the long-term credit rating after launching on Monday its first bond sales since the crash on July 23 that killed 40 people near the Wenzhou city of eastern Zhejiang province.It sold 20 billion yuan worth of three-month bills on offer in the interbank market, with a yield of 5.55 percent, a relatively high rate for short-term government paper.The rating was assigned because of the ministry's status as a government agency backed by the central government revenue, its sufficient capital flows and strong financing ability, Dagong said in an email to Xinhua.The agency made the elaboration in response to market doubts as the ministry is already heavily indebted and the accident has stirred up skepticism about the its credibility and the safety of fast-expanding railways.Adding to doubts is that the AAA rating of the ministry is even a notch above China's local currency debt rating of AA+, which was also rated by Dagong.Government data showed the ministry's debts exceeded 2 trillion yuan (313 billion U.S. dollars) as of the end of June, raising its debt ratio to 58.53 percent, slightly up from the end of the first quarter of this year.Dagong said in the statement that the debt-to-asset ratio is medium level, lower than the alert line for the ministry which is 75 percent.The ministry has large-scale assets of good quality and relatively large room for fund-raising, Dagong said.The ministry has "extremely strong" repayment ability as it is backed by the state's credit, Dagong said, referring it as one of the three authorities that are allowed to issue bonds, along with the Ministry of Finance and the People's Bank of China.In July, the ministry issued 20 billion yuan of one-year commercial papers with a coupon rate of 5.18 percent, but only 18.73 billion yuan of the total was bought.Analysts said it has become more difficult for the ministry to borrow money because of tightened market liquidity and concerns over the ministry's debt burden.China's top four banks said at the end of last month that they will continue to offer loans to the ministry based on market conditions and risk appraisal. Credit from the four largest state-owned banks including the Industrial and Commercial Bank of China and the Construction Bank of China has been the major source funding the construction of China's fast-growing railways in recent years.

SAN FRANCISCO, July 21 (Xinhua) -- Microsoft Corp. on Thursday posted strong quarterly earnings in its fourth fiscal quarter, with profit and revenue beating expectations from Wall Street analysts.For the quarter ended June 30, the world's largest software maker reported a net income of 5.87 billion U.S. dollars, or 69 cents per share, representing increases of 30 percent and 35 percent respectively when compared with the year-ago period.Revenue for the quarter was 17.37 billion dollars, up by 8 percent from the same period a year earlier.Wall Street analysts had expected a profit of 58 cents per share on a revenue of 17.23 billion dollars, according to Thomson Reuters.For the whole fiscal year, Microsoft reported a record revenue of 69.94 billion dollars, a 12 percent increase from the prior fiscal year. Net income for the year was 23.15 billion dollars, accounting for an increase of 23 percent.Among its business sectors, Microsoft Business Division revenue grew 7 percent for the fourth quarter and 16 percent for the full year. Over 100 million licenses of office 2010 have been sold so far, said the company.Primarily driven by growth in search revenue, the company's on- line services division revenue grew 17 percent for the fourth quarter and 15 percent for the full year. U.S. search share of Microsoft's search engine Bing increased 340 basis points year- over-year.Microsoft said revenue of entertainment and devices division grew by 30 percent for the quarter and 45 percent for the year.However, Windows and Windows Live revenue declined by 1 percent for the fourth quarter and decreased by 2 percent for the full year. Microsoft said estimated full-year revenue growth for the Windows division was in line with the sluggish PC market growth.