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BEIJING, Jan. 29 (Xinhua) -- Chinese State Councilor Dai Bingguo and U.S. National Security Advisor Tom Donilon on Saturday both spoke highly of Chinese President Hu Jintao's state visit to the United States earlier this month.During a phone conversation, Dai and Donilon agreed that China and the United States should make joint efforts to properly implement the consensus reached by leaders on both sides and cement the achievements made during Hu's visit, which was on Jan. 18-21.They also said that the two sides should maintain the current momentum in the development of bilateral ties and devote themselves to building a cooperative partnership based on mutual respect and mutual benefit.
BEIJING, May 19 (Xinhuanet) -- LinkedIn said Wednesday that its stock will debut at 45 U.S. dollars per share, a higher price than the company was expecting even earlier this week, media reports said.The first major U.S. social networking firm to go public, LinkedIn jacked up its initial public offering (IPO) share price for 7.84 million shares to 45 dollars just a week after it first set a target of 32-35 dollars per share.It minted LinkedIn with a market value of more than 4 billion dollars, the highest for a U.S. Internet company taking its first bow on Wall Street since Google Inc. went public nearly seven years ago.The sale could bring in more than 354 million dollars. The company's shares are expected to begin trading on the New York Stock Exchange on Thursday under the symbol "LNKD".LinkedIn has more than 100 million members in over 200 countries and territories. In 2010, the company made 15 million dollars in profit on 243 million dollars in revenue, according to its SEC filing.LinkedIn's biggest shareholder is its founder and chairman, Reid Hoffman, who owns more than 21 percent of the company.

BEIJING, May 10 (Xinhuanet) -- YouTube is adding more than 3,000 mainstream movies to its movie-rental service, media reports said Tuesday.Google Inc-owned YouTube is offering a mix of recent Hollywood blockbusters, independent and foreign movies for 99 cents up to 3.99 U.S. dollars each.The additions will push YouTube’s total movie rentals available to more than 6,000.In addition, hundreds of movies, including some offered before the latest launch, are available for free viewing as with other clips.“By expanding our content partnerships worldwide and stimulating the success of budding filmmakers, artists and entrepreneurs, we’ll ensure that YouTube remains the best place for the world to see and discover rich talent,” Salar Kamangar, head of YouTube, said.YouTube, which built a following by letting users post home videos and amateur clips, is counting on professionally produced content to draw more visitors and keep them on the site longer.YouTube users currently spend about 15 minutes on the site per day on average, compared with the five hours they spend on television, the company said.
BEIJING, Jan. 31 (Xinhua) -- China's Ministry of Finance (MOF) said Monday it had allocated 28.23 billion yuan (4.27 billion U.S. dollars) to assure retired enterprise employees receive their pensions before the arrival of the Spring Festival.The State Council, or the Cabinet, decided at an executive meeting last December to raise the retired enterprise employees' pension about 10 percent from 2010 levels, or about 140 yuan per person per month in 2011.The MOF also said local governments had issued 10.24 billion yuan of festival subsidies to 85.97 million people.The Spring Festival, the Chinese lunar New Year is a time for family reunions in China. It falls on Feb. 3 this year.
WASHINGTON, Feb. 7 (Xinhua) -- The U.S. International Trade Commission (USITC) determined Monday that imports of drill pipe and drill collars from China threatened the U.S. industry with material injury.As a result of the USITC's affirmative threat determinations, the U.S. Commerce Department will issue anti-dumping and countervailing duty orders on imports of these products from China.On January 4, the U.S. Commerce Department announced its affirmative final determinations in the anti-dumping duty and countervailing duty investigations on imports of drill pipe from China. The department determined that Chinese producers and exporters had sold drill pipe in the United States at margins ranging between 0.00 and 69.32 percent, while they have received countervailable subsidies of 18.18 percent ad valorem.In the anti-dumping investigation, mandatory respondent China's DP Master Manufacturing Co., Ltd. and Jiangyin Liangda Drill Pipe Co., Ltd. received a dumping rate of 69.32 percent. Baoshan Iron and Steel Co., Ltd. as well as Shanxi Yida Special Steel Imp. and Exp. Co., Ltd. each received a dumping rate of 0.00 percent, according to the department.The USITC did not specify the combined value of imported drill pipe and drill collars from China in the statement. A determination will be considered as affirmative if there is a 3-3 voting result within the USITC Commissioners.Drill pipe and drill collars are hollow drill string components used in drilling rigs, particularly those intended to extract oil and gas, to transmit power and conduct lubricant during the drilling process.
来源:资阳报