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ROME, Sept. 27 (Xinhua) -- The 30th general assembly of the International Council for Science (ICSU) kicked off here on Tuesday to address key global challenges, featuring over 275 scientists and experts from all over the world.The goal of the four-day event, hosted for the first time in Rome by the National Research Center (CNR) as Italy's scientific member at ICSU, is to discuss how science can contribute to boosting sustainable development, fighting climate change, increasing well-being and health in the changing urban environment and tackling the side-effects of progress.At the official opening ceremony, CNR president Francesco Profumo stressed that scientific research was the key to solving all current crises."It's during times of crises that inventions, great strategies and discoveries are made," he said quoting Albert Einstein."Global cooperation is crucial in addressing society's needs. In the wake of the negative economic outlook we are witnessing research and technological transfer can turn into efficient instruments to guide countries towards a solid development giving us the tools to tackle with lucidity the great obstacles we face," observed Profumo.Appealing to both private and public institutions, Profumo thus urged to boost strategic partnerships between universities, governments and research centres."We must create a network of knowledge-sharing together with enterprises in order to multiply and better implement growth and well-being opportunities. But in order to do so concrete political decisions must be undertaken and financial resources are needed," he added.

BEIJING, Sept. 5 (Xinhua) -- China and the World Bank are jointly researching ways to help rebalance the world's second largest economy and move toward a path of sustainable growth under the current challenging global economic situation, said World Bank Group President Robert B. Zoellick on Monday.A report, jointly being prepared by the World Bank, China's Ministry of Finance, and the Development Research Center of the State Council, will be released later this year to support China in identifying the many challenges and policy choices it will face in the next two decades, as the country seeks to avoid the so-called "middle-income trap," a stage of economic development that has slowed progress in many countries, Zoellick said.Regarding this autumn as "a sensitive time facing the world's major economies," Zoellick said many countries, including the United States, the European Union and Japan, were facing the similar fundamental challenge of restructuring for sustainable economic growth."Perhaps the challenge is more difficult for China as the country has already made remarkable progress, and thus it's not easy to persuade people to make a change," he said.Commenting in Beijing on a weekend workshop with senior Chinese officials and outside experts, Zoellick said there was agreement that China will have to rebalance its economy, improve the environment, reduce inequality and advance the quality of life for its people while at the same time maintaining rapid growth."In the near term, inflation is China's priority, as Premier Wen Jiabao mentioned," Zoellick said, adding that the Chinese government was moving in the right direction, though it was too early to have the problem solved.In next 10 years, however, Zoellick said he could not imagine China continuing to rely on exports for growth, especially when developed economies have had difficulties recovering.By shifting away from an over-dependence on export-led growth to a greater reliance on domestic demand and investment, China could benefit not only itself but the world economy, he said.As China's 12th Five-Year Plan has pointed the way forward with what needs to be done, Zoellick said the ongoing research will try to help with the "how."He said the report will cover issues such as how China can complete its transition to a market economy; how to promote open innovation; how to advance green development; how to deliver equality of opportunity and social security to citizens; how to strengthen the fiscal system, and how China can become a responsible stakeholder in the international system.During his stay in China, Zoellick also visited the country's wasteland-turned-grain-producing-base in the northeast, including a farm, a rice mill, an agricultural research center and a modern agricultural machinery park, and learned about how this land transformation had affected local people's lives.As the world population is expected to hit 9 billion by 2050, Zoellick said the World Bank has been urging G-20 countries to prioritize food issues."China feeds 20 percent of the world's population with less than 10 percent of the world's agricultural land and less than six percent of its water, so China could make a significant contribution to global food security," Zoellick said.

WASHINGTON, July 7 (Xinhua) -- Space shuttle Atlantis will soar into the sky Friday on NASA's 135th and final flight. Its scheduled return to Earth later this month will mark the end of NASA's 30-year space program.Since its onset with the launch of space shuttle Columbia, the program has been seen as a cheap, safe and reliable way for space exploration.Despite its great contributions to U.S. manned space flight, it has also left some grave and tragic lessons, making its termination inevitable.HIKING COSTSLaunched in 1972 by then President Richard Nixon, the shuttle program aimed to provide a new system of affordable space travel and proved to be NASA's most enduring project in its 50 years of existence.In 1981, shuttle Columbia made its first shuttle flight for two days. It was the ultimate hybrid and the first reusable spacecraft.Launched like a rocket and gliding back to Earth like an airplane, space shuttles not only can act as a space taxi to carry astronauts, but have the muscle of a long-distance trucker to haul heavy machinery.The spaceship boasts more than 3,500 subsystems and 2.5 million parts and is nine times faster than a speeding bullet as it climbs heavenward. That versatility, however, has translated into higher costs.NASA originally estimated the program would cost about 90 billion U.S. dollars. However, its actual cost stands at about 200 billion dollars, compared with the 151 billion dollars spent on Apollo which took Americans to the moon in 1969.In an article in Technology Review, John Logsdon, former head of the Space Policy Institute at George Washington University, drew a direct connection between the ravenous shuttle budget and the lack of other large advances in manned space flight."By operating the system for 30 years, with its high costs and high risk, rather than replacing it with a less expensive, less risky second-generation system, NASA compounded the original mistake of developing the most ambitious version of the vehicle," he wrote."The shuttle's cost has been an obstacle to NASA starting other major projects," he added.HIGH RISKIn terms of safety, the shuttles have never been as reliable as their designers had envisioned.On average, one out of every 67 flights ended up with fatal accidents. Based on the rate of deaths per million miles traveled, the space shuttle is 138 times riskier than a passenger jet.Seven astronauts onboard died when Challenger exploded about a minute after launch in 1986. Nearly two decades after the tragic blast, a new catastrophe descended when the shuttle Columbia disintegrated moments before landing in 2003, killing another seven spacemen.Again, the shuttle program was shelved for more than two years as NASA stepped up efforts to make it safer. But experts say the fundamental problem related to shuttles' safety cannot be solved due to their "birth defects.""It is in the nation's interest to replace the Shuttle as soon as possible," concluded the panel that investigated the 2003 Columbia accident.

BEIJING, Sept. 28 (Xinhua) -- Chinese banks have extended more loans to small firms to ease their financial predicaments as the government tightens monetary supply, a banking regulator said Wednesday.Outstanding loans to small firms grew 26.6 percent year-on-year to hit 9.85 trillion yuan (1.55 trillion U.S. dollars) at the end of July, said Xiao Yuanqi, an official in charge of financial services for small enterprises at the China Banking Regulatory Commission.The growth was 10 percentage points higher than that of the banks' total outstanding loans, Xiao told Xinhua.More than 100 commercial banks have set up special operations to ease small firms' difficulties getting access to bank credit, he noted.The figures came at a time when China is trying to balance the missions of countering inflation and sustaining the growth of small enterprises.The People's Bank of China, or the central bank, has raised the benchmark interest rate three times this year and increased the reserve requirement ratio six times.The measures bit into small, cash-strapped companies, which are already disadvantaged in seeking bank support due to insufficient collateral.Only 15 percent of China's small enterprises could get loans from banks and half of them had to resort to private lenders, according to a report by the National School of Development with Peking University in July.With tighter liquidity and stricter regulatory requirements on capital-adequacy ratios and loan-deposit ratios, banks are more reluctant to lend to small firms, said Ai Min, a retail banking general manager with China Minsheng Banking Corp., Ltd.Besides, the expanding size of lending to small firms may lead to higher risks, said Ai.He suggested banks improve the risk evaluation and collateral system for loans to small firms.

SAN FRANCISCO, Sept. 22 (Xinhua) -- Facebook on Thursday introduced a new feature called Open Graph, enabling users to access and share a wide range of media and lifestyle content on the social network site.According to Facebook's chief executive officer (CEO) Mark Zuckerberg, Open Graph lets users share what they are doing in Facebook-connected apps as they are doing it.These social apps focus on media apps including books, news, music, TV, movies and games, as well as lifestyle apps such as exercise, food, fashion and travel."The last five years of social networking have been about getting people signed up, and getting people connected with their lives. The next five years are going to be defined by the apps and depth of engagement," the young CEO said in a keynote speech at Facebook's f8 developer conference.Take music for example, Facebook integrates with European music streaming service Spotify. If one's Spotify account is connected to Facebook, a message will show up in the Ticker stating the song one is listening to and in the Timeline, a new design of one's profile page. The friends of the user can listen to the same song at the same time by hovering mouse over the song in Timeline or Ticker.Spotify founder and CEO Daniel Ek and movie streaming service Netflix CEO Reed Hastings also took stage as guest speakers to introduce their partnership with Facebook.Zuckerberg also introduced social news reading applications from major news organizations such as The Washington Post and Yahoo News, which allow users to access the content directly on Facebook.Earlier at the f8 conference, Timeline was unveiled as a new feature. It is a new profile design allowing users to scroll vertically through the big moments of one's life in a single page.Zuckerberg assured users that they have complete control over their Timeline, saying they can decide what content will appear and who can see it. The new feature will be available in a few weeks.Since Google launched its own social network "Google+" in June, Facebook has been in a combat mode, striving to roll out new products and features to beat the search giant. In his keynote speech on Thursday, Zuckerberg said half a billion people now use Facebook every day.Two days before the f8 conference, Google announced to open its social network to the public, noting it has introduced 100 new features in the three-month trial.