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SHANGHAI, Dec. 9 (Xinhua) -- China's homegrown C919 large passenger plane has finished its preliminary development review and entered the development phase, a senior executive of Commercial Aircraft Corporation of China Ltd. (COMAC) in Shanghai said Friday.An expert team of the C919 project has approved the overall preliminary development review (PDR) of the passenger jet, said Jin Zhuanglong, president of the Shanghai-based COMAC.It is expected that the manufacturing process for the components of the prototype will begin by the end of 2011.COMAC signed a deal to sell 20 C919 large passenger planes to China Aircraft Leasing Company Limited (CALC) on Thursday.Up to now, the users of C919 large passenger planes have reached 10 and total orders amount to 215 units.COMAC said earlier it would develop both 168-seat and 156-seat models of the jet, with more models to be developed in the future.It also said that test flights for the single-aisle C919 were scheduled for 2014, and delivery is slated for 2016.

SAN FRANCISCO, Nov. 4 (Xinhua) -- With its popular iPhone series, Apple seized more than half of the profits generated by the top eight mobile phone manufacturers during the third quarter, said a monthly market analysis released on Friday.Apple generated a remarkable 52 percent of handset industry operating profits for the top eight OEMs (original equipment manufacturers) in the third quarter, up five percent over the same period of 2010, said Canaccord Genuity technology analyst Michael Walkley.The number was down from 57 percent in the second quarter, due to a drop in iPhone sales as customers held out for the upcoming iPhone 4S.A proud Apple customer shows off the new iPhone 4S he purchased at an Apple store in Munich, Germany.Apple's major rival in the mobile industry is Samsung. The two companies together represented 81 percent of the handset industry' s operating profits last quarter.Other major mobile phone manufacturers are Nokia, Motorola, Sony Ericsson, HTC, Research In Motion and LG.Calling it "an epic reversal of fortunes," Walkley noted that in 2007, Nokia had 67 percent of operating profits while Apple had just 4 percent. Compared with Apple's 52 percent of industry profits in the third quarter of 2011, Nokia has been relegated to its rival's former position with just 4 percent of operating profits.The analyst said he has conducted "channel checks" that show strong demand not only for the new iPhone 4S but also for the previous models of iPhone 4 and iPhone 3GS. He told technology news website AllthingsD that Apple is believed to be able to gain further value share in the December quarter and capture over 60 percent of industry profits.In a Bloomberg report on Friday, several technology analysts said the two-year-old iPhone 3GS, whose price has been slashed to zero if it is purchased with a contract, will become one of Apple' s big weapons in the coming holiday season against smartphones running Google's Android system.

SAN FRANCISCO, Dec. 2 (Xinhua) -- About one in 10 mobile phone subscribers in the United States is now using an Apple iPhone, said a new survey released on Friday.Latest survey results from research firm comScore showed that for the three-month period ending in October, Apple remained the No. 4 handset maker in the U.S. with its share of mobile subscribers rising to 10.8 percent from 9.5 percent in the previous three months.Among the top five mobile phone brands in the U.S. market, Apple is the only one that saw its market share increase in the quarter, according to the survey.Samsung was still the top handset manufacturer with 25.5 percent of U.S. mobile subscribers, followed by LG and Motorola taking the second and third place with 20.6 percent and 13.6 percent of share respectively.Research in Motion (RIM), maker of Blackberry, ranked No. 5 with a share of 6.6 percent.Except Apple, market shares of the other four brands remained unchanged or dropped from the previous quarter.Apple's gain in the quarter might be driven by the introduction of new model iPhone 4S which went on sale on Oct. 14, and the addition of Sprint as a carrier in the U.S. market, some analysts said.The survey by comScore, which involved more than 30,000 U.S. mobile subscribers, found that 234 million Americans age 13 and older used mobile devices by the end of October.

CANNES, France, Nov. 3 (Xinhua) -- Chinese President Hu Jintao on Thursday urged 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 Group of 20 (G20) summit here."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," said Hu.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, he said.The Chinese president said "the current world economic situation deserves our high attention," cautioning the global recovery is fraught with instability and uncertainty and faces growing risks and challenges.Some major economies are experiencing economic slowdown and some countries are facing acute sovereign debt problems, said Hu.He also cited volatility in the international financial markets, and high inflationary pressure in emerging markets.Hu put forward a five-point proposal on what G20 nations need to do to tide over the crisis.First, the countries should ensure growth while paying attention to balance. Given the serious risks facing the global economy and continued market volatility, ensuring growth and promoting stability should be the top priority, he said."We should introduce new and strong measures to ensure that fiscal and monetary policies are fully implemented and that funding is channeled into the real economy to boost production and employment."Second, the G20 nations should strengthen unity and send a strong signal to the world as there is widespread panic and acute lack of confidence in the markets, said Hu.He urged G20 members to strengthen consultation and coordination, tackle sovereign debt risks, regulate cross-border capital flow, put the fluctuation of commodity prices under control, mitigate global inflationary pressure and make sure that the economic policies pursued by various countries do not offset each other.Third, global economic governance should be improved through reform, Hu said.The international financial crisis has highlighted the deficiencies in the global economic governance system, said Hu."Major efforts should be made to reform and improve the international monetary system, international trading system and commodity pricing mechanism," said the Chinese president.

UNITED NATIONS, Nov. 1 (Xinhua) -- China on Tuesday urged the International Atomic Energy Agency (IAEA) to further strengthen its leading role in enhancing global nuclear safety and promoting relevant international cooperation.Wang Min, Chinese deputy representative to the United Nations, made the remarks at an open meeting of the 66th session of UN General Assembly on the IAEA report.IAEA shoulders important responsibilities in promoting peaceful uses of nuclear energy and preventing nuclear proliferation, Wang said, adding that it needs to further summarize experiences and lessons of the Fukushima nuclear accident, assisting member states to enhance nuclear safety and emergency response capabilities.Wang urged the IAEA to "increase technical assistance to developing countries, improve newcomer's national nuclear infrastructure and promote the safe, secure and sustainable development of nuclear energy."The IAEA was also asked to strengthen nuclear safeguards regime, effectively prevent nuclear proliferation, and maintain an objective and impartial stand on sensitive and hot nuclear issues.China has always adhered to the principle of "safety first", he said. "China has established a rather comprehensive legal and standards system on nuclear safety, put in place an independent and effective supervision and regulatory framework, set up a comprehensive emergency response mechanism, and keep a good safety record in general."China has decided to contribute 200,000 U.S. dollars to the Nuclear Security Fund of the IAEA for the purpose of enhancing nuclear security capability of the Asia-Pacific Region, Wang added.