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SAN FRANCISCO, Nov. 17 (Xinhua) -- Online retail giant Amazon is working on a smartphone scheduled to be released in the fourth quarter of 2012, U.S. media reported Thursday.A note from Citigroup analyst Mark Mahaney obtained by technology news site All Things Digital said that based on the supply chain checks in Asia, Amazon is believed to launch a smartphone in the fourth quarter of 2012.According to the note, Amazon is working with manufacturer Foxconn and the device will run Texas Instruments' OMAP 4 processor. The Kindle Fire, the latest tablet introduced by the e- commerce giant, also uses OMAP processor.The analyst said the smartphone will cost Amazon between 150 and 170 U.S. dollars to build and the company could sell the handset at or near its cost rather than a 30 percent gross margin like many other smartphone manufacturers usually do.The move is expected to further intensify Amazon's rivalry with Apple and Google after the e-commerce giant had made moves on some booming businesses like tablet computer and cloud-computing service.

BEIJING, Dec. 14 (Xinhua) -- China's new yuan-denominated lending in November rose 7.8 billion yuan (1.2 billion U.S. dollars) year-on-year to 562.2 billion yuan, the People's Bank of China, the central bank (PBOC), announced Wednesday.New loans in the month were smaller compared to that in October, which stood at 586.8 billion yuan.By the end of November, the outstanding broad money supply (M2), which covers cash in circulation and all deposits, rose 12.7 percent year-on-year to 82.55 trillion yuan, according to data released by the PBOC.Meanwhile, the narrow measure of money supply (M1), which covers cash in circulation plus demand deposits, increased 7.8 percent year-on-year to 28.14 trillion yuan by the end of last month, the figures showed.New yuan deposits last month fell sharply to 324.7 billion yuan, down 262.6 billion yuan year-on-year. Outstanding yuan-denominated deposits totaled 79.51 trillion yuan as of the end of last month, up 13.1 percent year-on-year, however, the growth rate was 6.5 percentage points lower compared to the same period last year.Meanwhile, outstanding foreign currencies-denominated deposits stood at 266.8 billion U.S. dollars, up 12.9 percent year-on-year. New deposits of foreign currencies rose 4.1 billion U.S. dollars year-on-year.

NEW DELHI, Jan. 9 (Xinhua) -- Chinese ambassador to India Zhang Yan Monday proposed that China and India make more efforts to develop economic ties.At a meeting on China-India relations attended by Indian National Security Advisor S. Menon, the ambassador said the Chinese side is fully aware of the necessity to narrow the trade gap between the two sides in order to ensure the sustainability of bilateral trade cooperation."China will take measures to increase the import of Indian products which have market demand in China. But our cooperation should not be limited in trade only," said the ambassador.He suggested that China and India should diversify their trade structure, expand the scope and items, and increase the technical content and added value to the products, while expanding into financial, service and investment sectors.The envoy said China and India should initiate policy dialogue and coordinate their economic development strategy in order to ensure steady growth of respective economy, encourage mutual investments, consider the free trade agreement or regional trade arrangement, and increase tourism cooperation.Zhang said that as an encouraging sign of economic ties, the bilateral trade volume is set to hit 70 billion U.S. dollars in 2011, an over 20 percent increase over the previous years, while China set up its first branch of the Industrial and Commercial Bank of China in Mumbai last year.

BEIJING, Nov. 16 (Xinhua) -- A senior Chinese commerce official said on Wednesday that the country will work to optimize the import mix of mechanical and electronic products so they can play a bigger role in China's restructuring efforts.Li Jinzao, vice minister of the Ministry of Commerce, made the remarks at a forum of the ongoing 13th "China Hi-Tech Fair" in Shenzhen.His remarks echoed a guideline issued in March on promoting the imports of mechanical and electronic products during the 2011-2015 period, in which China pledged efforts to encourage the imports of high-tech products.Li said that China will improve existing policies to attach more importance to the imports of advanced technology, equipment and components to spur innovation.Meanwhile, he said China will organize more trading events to exchange and cooperate with international businesses, and will continue to push the United States and European countries to ease restrictions on civil high-tech exports to China.

BRUSSELS, Nov. 7 (Xinhua) -- China and Europe should strive to strengthen their cooperation for a win-win outcome in this era of profound changes, said a senior Chinese official here on Monday.Liu Yunshan, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks during his keynote speech at the opening ceremony of the China-Europe High-Level Political Party Forum.Chinese President Hu Jintao has expressed a readiness to work for world economic recovery and strong, balanced and sustainable growth at the G20 summit in Cannes, France last week, said Liu, who is also head of the Publicity Department of the CPC.Liu Yunshan(Front, 3rd,R), a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, attends the opening ceremony of the China-Europe High-Level Political Party Forum in Brussels on Nov. 7, 2011. The forum kicked off in Brussels on Monday.The forum would carry on with discussions on the new possibility and new measures of cooperation between China and Europe, which would add new spurs to their relations, said the Chinese official.Liu called for more cooperation for a win-win result and mutual respect for cultural differences between China and Europe, as well as a common effort to build an inclusive and open international system to face up to global challenges.Noting that China and Europe are stepping into a new stage of development for their ties, Liu expressed hopes that both sides further enhance their strategic mutual trust, "respect each other's core interest and major concerns and observe each other's development from a more objective perspective."Efforts should be made to promote their cooperation in trade, finance, environment protection, high-tech and new energy, and China and Europe should also work to cultivate new growth possibilities for their economic and trade cooperation, he said.They should in the meanwhile expand people-to-people exchanges and take the chance of their intercultural dialogue year in 2012 to build on their friendship, he added.Leaders from the European political parties said the forum offered chance for a key high-level dialogue for the political parties in China and Europe, which would play an active role for the exchanges and comprehensive development of the relations between both sides.

来源：资阳报