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BEIJING, Sept. 8 (Xinhua) -- China on Wednesday handed out the first group of Internet map service licenses to 31 Chinese and joint-venture operators, after authorities tightened market access amid worries that booming Internet map services might undermine state security.The 31 operators, including a national-level map publisher, several map service providers affiliated with major Chinese portals such as Baidu.com and Sina.com, and nearly a dozen state-owned local research institute or mapping bureaus, obtained a class-A license from the State Bureau of Surveying and Mapping.Operators who obtain a class-A license will be allowed to conduct services including map searching and locations, marking geographic information, downloading and copying of maps, and map transmissions and quotations. Class-B licenses will restrict companies to offer services of map searching and locations, as well as geographic information marking.All Internet map services providers will have to apply for a license, while those operating without the license will be prosecuted in China in accordance with the law, said an official from the State Bureau of Surveying and Mapping, who required anonymity.The official did not elaborate on the deadline for license applications.Foreign-owned or foreign-invested Internet firms can apply for the license in the capacity of joint ventures or through cooperation with Chinese businesses, according to the official.Nokia Alliance Internet Services Company Limited, a joint venture between Nokia and New Alliance, which is part of the Shanghai Alliance Investment Limited, is among the businesses that have obtained a class-A license.
BEIJING, Oct. 8 (Xinhua) -- Chinese shares advanced to a five-month high Friday on the gains of gold producers and nonferrous metals.The benchmark Shanghai Composite Index rose 3.13 percent, or 83.09points, to close at 2,738.74.The Shenzhen Component Index gained 3.86 percent, or 442.83 points, to end at 11,911.37.Combined turnover stood at 283.42 billion yuan (42.43 billion U.S. dollars), up from 183 billion yuan the previous trading day.Gainers outnumbered losers by 814 to 41 in Shanghai and 1,025 to 47 in Shenzhen.Most Chinese stocks proved resilient Friday after the stock markets were closed from Oct. 1 to 7 for the annual National Day holiday.Gold producers rallied Friday after international gold prices hit a record during the Chinese holiday as investors sought an alternative investment to the U.S. dollar, which slid to an eight-month low against the euro on Thursday.Zijin Mining Group, China's largest gold producer, surged by the 10- percent daily trading limit to end at 8 yuan per share. Shandong Gold Mining, a big producer of gold based in east China's Shandong Province, rose by the daily limit of 10 percent to 61.46 yuan in Shanghai.Nonferrous metals also posted widespread gains after copper rose to 8,326 U.S. dollars per metric ton on the London Metal Exchange on Wednesday, the highest level since July 2008.Jiangxi Copper Co., the country's leading copper producer, jumped 9.9percent to 34.23 yuan per share while Yunnan Copper Co. gained 9 percent to 24.52 yuan per share.Other energy and raw materials stocks also rebounded Friday because of international commodity gains during the weeklong holiday.China Shenhua Energy Co., China's biggest coal producer, climbed 9.28 percent to 25.8 yuan. PetroChina Co. rose 2.85 percent to 10.47 yuan per share.

BEIJING, Oct. 15 (Xinhua) -- The value of yuan, China's currency Renminbi, strengthened for a third consecutive day against U.S. dollar Friday as the central parity rate of the yuan was set at 6.6497 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.Friday's central parity rate beat the previous record of 6.6582 on Oct. 14.The yuan has picked up its strength against the U.S. dollars and seen increased volatility in the trading days since the People's Bank of China (PBOC), the central bank, announced on June 19 this year to increase exchange rate flexibility.Based on Friday's central parity, the Chinese currency has strengthened against the U.S. dollar by about 2.65 percent from the rate of 6.8275 per U.S. dollar that was set a day before the PBOC's pledge to increase flexibility.On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate during trading each day.The PBOC released the yuan's central parity rates against a basket of currencies -- the U.S. dollar, the euro, the Japanese yen, the Hong Kong dollar, the British pound and the Malaysian Ringgit.The yuan's parity rate against the euro was set by the central bank at 9.3259 Friday, higher from 9.3491 on Oct. 14, the previous trading day.The yuan's rate against 100 yen was 8.1531 Friday, compared with 8.1611on Thursday.The yuan's rate against the British pound was 10.6305, compared with 10.6192 on the previous trading day.The central parity of RMB against the U.S. dollar is based on a weighted average of enquired prices from all market makers before the opening of the market in each business day.The central parity of RMB against the other five currencies is based on the central rate of RMB against the U.S. dollar of the same business day as well as the exchange rates of the five currencies against the U.S. dollar at 9 a.m. (0100 GMT) of the same business day in the international foreign exchange market.
BEIJING, Nov. 1 (Xinhua) -- China and Turkey voiced commitment here on Monday to make joint efforts to crack down on terrorism and separatism."China would stay firm on safeguarding its national interests relating to the national sovereignty and territorial integrity," said Chinese Vice President Xi Jinping.Xi made the remarks in his meeting with visiting Turkish Foreign Minister Ahmet Davutoglu, according to a press release from Chinese Foreign Ministry.Xi also expressed his appreciation during the meeting for Turkey's support of China's efforts to combat the "East Turkistan" terrorist forces that threaten to sabotage China's unity.The "East Turkistan" terrorist forces pose threats to the development and stability of northwest China, Xi told Davutoglu, noting that China wants to step up cooperation with Turkey in this regard.A bomb attack on Aug. 19 in Aksu City in China's Xinjiang Uygur Autonomous Region left eight people dead, including the two attackers, and 15 others injured.Chinese authorities believe the "three forces," an umbrella category for separatists, extremists and terrorists, are responsible for the attacks.Xinjiang -- with 41.5 percent of its population Uygurs, a large Muslim Chinese ethnic group -- is China's frontline against terrorism. The region borders eight central and west Asian countries, many of which have been attacked by terrorist and extremist militant groups.Echoing Xi's views, Davutoglu said Turkey values its ties with China and would unswervingly uphold the one-China policy and crack down on any activities in Turkey that aim to sabotage China's sovereignty and threaten its territorial integrity.The two sides also hailed progress made on bilateral relations, according to the press release, pledging to intensify high level political exchange, expand economic and trade cooperation and strengthen coordination on regional and international issues in an effort to safeguard the interests of the developing countries.Davutoglu's China visit was at the invitation of his Chinese counterpart Yang Jiechi.
HEFEI, Sept. 4 (Xinhua) -- China's top 500 enterprises reported smaller revenue gaps with their U.S. counterparts, while outperforming their worldwide competitors in profitability amid the nation's rapid economic recovery, an industrial ranking report showed Saturday.China's top 500 enterprises chalked up 4.05 trillion U.S. dollars in operating revenues last year, equivalent to about 18 percent of the operating revenue total created by the world's top 500 companies in the same year, and the ratio was 2.62 percentage points lower than the figure recorded for the year earlier, according to a report released Saturday in Hefei, capital of east China's Anhui Province, by the China Enterprise Confederation (CEC) and China Enterprise Directors Association.The average profit margin of China's top 500 enterprises was 5.44 percent in 2009, compared with 4.16 percent for the world's top 500 companies.Further, the net profits of the Chinese heavyweights grew by more than 20 percent last year, faster than the 17 percent for the world's top 500. It was the second consecutive year that Chinese enterprises outshone theirforeign counterparts in annual profits.Miao Rong, researcher with CEC, said despite the progress, China's top 500 enterprises obviously suffered from the impact of the global financial crisis as they reported slower growth in new employment and business revenues.However, unlike the world's top 500 companies, most of which are service and high tech giants, a lion's share of China's top 500 businesses are traditional industrial enterprises in the fields of energy development, telecommunications and power generation, Miao noted."It is a tough job, in the short-term, to make Chinese corporations catch up with their foreign counterparts in terms of 'soft power' , such as the capability of resource integration, management expertise, brand building and intellectual property protection," he added.Sinopec, Asia's leading refinery, topped the top 500 revenue list for the fifth consecutive year with 1.39 trillion yuan (about 204.41 billion U.S. dollars) in 2009. It was followed by the State Grid and PetroChina.Also, private businesses were growing rapidly as five companies reported operating revenues exceeding 100 billion yuan. Huawei Technology Co Ltd, a telecommunication equipment producer, recently leaped into the world's top 500 enterprises club.
来源:资阳报