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BRUSSELS, Oct. 7 (Xinhua) --- The European Commission on Friday gave the green light to Microsoft's acquisition of voice and video communication provider Skype, thus removing the last hurdle in the process.According to a statement released by the Commission, "the deal would not significantly impede effective competition in the European Economic Area (The EU plus Iceland, Lichtenstein and Norway) or any substantial part of it."The Commission explained that it found that in the area of consumer communications, the parties' activities overlap in video communications, where Microsoft is active through its Windows Live Messenger.However, the Commission considered that there were no competition concerns in this growing market where numerous other players, including Google, were present.Skype was bought by eBay in 2005 at the price of 4.1 billion U.S. dollars, and sold out at 2.75 billion U.S. dollars in 2009. Microsoft declared to take over Skype at a cost of 8.5 billion dollars on May 10, 2011.

BEIJING, Oct. 25 (Xinhua) -- Chinese State Councilor Dai Bingguo said Tuesday that China will unswervingly pursue a path of peaceful development and play a constructive role in the United Nations.Dai made the remarks at a reception commemorating the 40th Anniversary of the restoration of the lawful seat of the People's Republic of China in the United Nations (UN).On Oct. 25, 1971, the 26th Session of the UN General Assembly adopted Resolution 2758 with an overwhelming majority and decided to restore the lawful seat of the People's Republic of China in the UN."This opened a new chapter in the external relations of the People's Republic of China and promoted the friendship and cooperation between China and all countries and peoples who love world peace and justice," Dai said at the reception hosted by the Foreign Ministry in Beijing.It also enhanced the universality, representativeness and authority of the UN and strengthened the forces for world peace and human progress, he added.He said, for the past 40 years, as the largest developing country and a permanent member of the UN Security Council, China has followed the purposes and principles of the Charter of the United Nations, called on countries across the globe to practice tolerance and live together in peace as good neighbors, and made great contributions to world peace, common development and international cooperation.This year marks the beginning of the second decade of the new century, and the world has undergone great, rapid and drastic changes, Dai said."The international community is becoming a global village and countries find interests converging in a scope and depth never seen before," he said, adding that the trend of peace, development and cooperation has gained more popular support, while the international situation remains quite fluid and complex.He said the United Nations, as the most universal, representative and authoritative inter-governmental organization, should seize opportunities and meet challenges in the political, security, economic, development, social, humanitarian, cultural, arms control, and judicial fields, among others, and reinvigorate itself with fresh vigor and vitality."Under the new circumstance, the role of the UN should only be strengthened, rather than weakened, and its authority be upheld, rather than impaired," he said.China has released the White Paper on China's Peaceful Development, which solemnly declared that China will unswervingly pursue the path of peaceful development, he said.China will work actively, through peaceful, open, scientific and common development, to expand international cooperation, take part in international affairs, honor its due international responsibilities and obligations, and play a constructive role in the UN, he said.Dai pledged that China will join other countries to make even greater contributions to building a harmonious world of durable peace and common prosperity and a brighter future for mankind.China's entry to the UN 40 years ago made the international body a more representative international organization, said Kasymzhomart Tokaev, director-general of the UN Office at Geneva.He said China has played an important role in the UN.With the rise of its global status and influence, China, as a major power, will continue to shoulder its responsibility and play a more positive role in creating a more secure, just and peaceful world for future generations, he said.Before the reception, Dai had a brief meeting with Tokaev, exchanging views on the UN's role as well as China's cooperation within the UN.

BEIJING, Nov. 27 (Xinhua) -- China's industrial enterprises saw their profits increase 25.3 percent year-on-year in the first ten months of 2011, slowing down from the year's previously recorded figures, official data showed Sunday.Growth in the January-October period was 1.7 percentage points lower from that of the first three quarters, the National Bureau of Statistics (NBS) said in a statement.It marked a gradual downshift from the 34.3-percent year-on-year growth seen during the January-February period and the 28.7-percent growth seen during the first half of the year.Profits realized in the first ten months amounted to 4.12 trillion yuan (650 billion U.S. dollars), the NBS said.The NBS compiled the figures using data collected from a pool of industrial businesses with at least 20 million yuan in annual sales revenues each.In October alone, industrial profits expanded 12.5 percent year-on-year to 438.3 billion yuan, the NBS said.Among 39 industries surveyed, 36 sectors reported profit growth in the first ten months. The oil refining, coking and nuclear-fuel processing sector saw profit plunge 89.8 percent year-on-year.Private businesses posted the fastest profit growth, with a year-on-year rise of 44.3 percent, followed by collectively owned enterprises of 33 percent, equity-holding companies of 30.3 percent, state-owned enterprises of 16.6 percent and overseas-funded firms of 11.6 percent.China's industrial production growth rate will moderate due to economic turmoil in Europe and the United States and weakening domestic demand brought about by a tightened monetary policy, Huang Libin, an official with the Ministry of Industry and Information Technology, said last week.China saw its economic growth slow to 9.1 percent in the third quarter of this year from 9.5 percent in the second quarter and 9.7 percent in the first quarter.

BEIJING, Jan. 4 (Xinhua) -- The Chinese currency Renminbi, or the yuan, rose 8 basis points to a record high of 6.3001 against the U.S. dollar on Wednesday, according to the China Foreign Exchange Trading System.In China's foreign exchange spot market, the yuan is allowed to rise or fall by 0.5 percent from the central parity rate each trading day.The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices before the opening of the market each business day.

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