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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.

BEIJING, Oct.25 (Xinhua) -- The China Banking Regulatory Commission (CBRC), the country's top banking regulator, on Tuesday revealed detailed plans to encourage financial support for the country's small and micro-sized enterprises.In a supplementary notice issued to its previous support plan for financing small enterprises, the CBRC said banks should ensure that the growth of loans to small firms will not be slower than that of the average lending, and the growth should be higher than the level of the previous year.Also, commercial banks should give more support to enterprises that borrow less than 5 million yuan (787,401 U.S. dollars), and increase tolerance for non-performing loans to small and micro-sized firms, it said.The regulator has set detailed rules for the establishment of financial institutions serving small businesses, and encouraged banks to create financial instruments to support the development of small high-tech enterprises.The CBRC has also allowed banks to issue special financial bonds to boost financing for small businesses.By the end of August, outstanding loans to small and micro-sized enterprises stood at 14.6 trillion yuan, accounting for 27.2 percent of total lending.

WASHINGTON, Dec. 2 (Xinhua) -- The U.S. Justice Department Friday approved Google's 400 million dollar acquisition of Admeld, a company that provides an online advertising platform for publishers.The Justice Department concluded that it was "not likely to substantially lessen competition in the sale of display advertising."Google operates the largest Internet search engine in the world and one of the largest display advertising platforms. It had revenues of about 29 billion dollars in 2010, most of which came from ads revenue.Admeld, with annual revenue of 30 million dollars, offers technology services to Internet publishers that help them boost revenue by optimizing ads display from hundreds of sources.Google is expected to grab 9.3 percent of online display advertising spending in the U.S. this year, up from 8.6 percent last year, making it the No. 3 provider, according to the digital intelligence company Emarketer.The No. 1 position will be taken by Facebook with its share increased to 16 percent up from 12 percent a year ago, while Yahoo! will slip slightly to 13 percent, said Emarketer.

HONOLULU, United States, Nov. 10 (Xinhua) -- Chinese President Hu Jintao arrived in Honolulu, Hawaii, on Thursday for the Economic Leaders Meeting of the Asia-Pacific Economic Cooperation (APEC), slated for Saturday and Sunday.At the annual meeting, leaders of the 21-member group will exchange views on economic growth in the Asia-Pacific region, strengthening regional economic integration and expanding trade.They will also consider the promotion of green growth and fostering job creation in green industries, energy security, and expanding regulatory cooperation and advancing regulatory convergence.Chinese President Hu Jintao (C) arrives in Honolulu, Hawaii, U.S., Nov. 10, 2011. Chinese President Hu Jintao arrived in Honolulu, Hawaii, on Thursday for the Economic Leaders Meeting of the Asia-Pacific Economic Cooperation (APEC), slated for Saturday and Sunday.President Hu is expected to speak at the meeting and express his views on the world economic situation and the regional economic situation, Wu Hailong, assistant foreign minister of China, said at a press briefing earlier this week.In his speech, Wu said, the Chinese leader will call for "improving global economic governance, shifting the growth method, promoting economic globalization and regional economic integration."Hu will also explain "China's stand on the issues of free and open trade and investment, green growth, the adjustment of economic structure and regulatory cooperation," Wu said.In Hawaii, Hu will join other APEC leaders in dialogue with the APEC Business Advisory Council (ABAC).APEC leaders are expected to discuss with ABAC representatives, among other things, regional economic integration, reform of the international monetary system, and food security.The Chinese leader is scheduled to deliver a speech at the APEC CEO summit Saturday.On the sidelines of the APEC Economic Leaders Meeting, President Hu will meet U.S. President Barack Obama and other leaders of APEC members."China hopes the meeting will further promote the free and open trade and investment in the Asia-Pacific region, push forward economic and technology cooperation, support multilateral trade systems, oppose trade protectionism, so as to inject vitality into world economic recovery and growth," Assistant Commerce Minister Yu Jianhua said at a press briefing earlier this week.APEC is the premier economic forum in the Asia-Pacific region.Since APEC's birth in 1989 it has grown to encompass 21 members spanning four continents, and represents the most economically dynamic region in the world, accounting for approximately 40 percent of the world's population, around 50 percent of world GDP and about 44 percent of world trade.APEC's 21 member economies are Australia, Brunei, Canada, Chile, China, China's Hong Kong, Indonesia, Japan, Republic of Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore, Chinese Taipei, Thailand, the United States and Vietnam.

BEIJING, Oct. 26 (Xinhuanet) -- The question, why the first documented supernova was super-sized and grew so fast, has puzzled astronomers for centuries. Now it is solved by US researchers.The supernova, an exploded star, was observed in 185 A.D. and documented as a mysterious "guest star" by Chinese astronomers. It was visible for eight months.Scientists later found the supernova, 8,000 light years away, was a bigger-than-expected supernova remnant. BBC reported that if the infrared light it emits could be seen by human eyes, it would appear to be as large as the full Moon in the sky.Through observations in space telescopes, researchers of a latest study revealed that the explosion took place in a cavity in space, which allowed the star's remains to travel out much faster and farther. The study was published online in the Astrophysical Journal Monday.The supernova was "two to three times bigger than we would expect for a supernova that was witnessed exploding nearly 2,000 years ago. Now, we've been able to finally pinpoint the cause," stated Brian Williams, lead author of the study and an astronomer at North Carolina State University in Raleigh.