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SHANGHAI, Jan. 11 (Xinhua) -- The listed arm of China's biggest train maker, China South Locomotive and Rolling Stock Industry (Group) Corporation (CSR), has been allowed by regulatory authorities to raise 9 billion yuan (1.41 billion U.S. dollars) on the stock market, the company said Wednesday.The Hong Kong- and Shanghai- listed CSR Corp. Ltd. will sell 1.96 billion shares at 4.46 yuan apiece to select investors, it said. But CSR's parent -- state-owned CSR Group -- has agreed to buy no less than 6 billion yuan's worth of the shares, leaving the rest to institutional investors.CSR's net profit growth in the third quarter of 2011 plunged to 9.66 percent year-on-year from a high of 85.08 percent in the first half of 2011 as the country put the brakes on development of the railway sector after a deadly bullet train crash on July 23 that killed 40 people and injured 210 others.The decision to slow the development of high-speed rail lines has led to halts in construction of about 90 percent of ongoing railway projects, or 10,000 km of rail lines across the country, local media reported earlier.CSR is the maker of the bullet trains involved in last July's deadly collision. After the accident, the company's executives bought a combined 540,000 share in August, a move seen as an attempt to bolster battered stock prices.Analysts say the fundraising would help CSR greatly ease its financial burdens. The company earlier pledged to maintain profit growth and its dividend policy to boost investors' confidence.
VIENNA, Dec. 10 (Xinhua) -- China is one of the active supporters of the international community to European crisis settlement, Chinese Vice Foreign Minister Fu Ying said here on Saturday.Attending the fourth World Policy Conference, she voiced the hope that Europe could expand the mutually beneficial cooperation between Europe and China, and create a favorite condition for attracting investment from developing countries including China.In the afternoon, Fu attended a seminar with the topic of "Europe as a laboratory for global governance" and answered questions from the attendants.Asked if China and other BRICS countries should "rescue" Europe or not, she said that the word "rescue" often used by the European media could be misleading.She said that as the world's largest economy, the European Union (EU) has strong real economy and much higher living standard than developing countries. Europe does not need a "savior" but international partners with a win-win relationship.Currently, Europe is facing severe challenges such as the debt crisis and is actively seeking solutions. The EU is China's largest trading partner and one of the main sources of technology and investments. The settlement of crisis in Europe is closely related with not only the world but also China.China has been expressing its confidence in the European economy and the euro, believing that Europe is able to find out solutions to the problems, she said.She also pointed out that the current financial cooperation between Europe and China was mentioned in the same breath with the European financial expansion in Asia in the early 20th century by some European media, which was really a tale of a tub.China sticks to the foreign policy of promoting peace, development and cooperation, and has no intention to control European countries through financial tools, she said.Regarding to the role China played in the settlement of the current European debt crisis, Fu pointed out that China has been an active part of the international community supporting Europe to overcome its crisis.In addition to the cooperation in the financial sector, China also expands its imports, exploring ways to strengthen the investments in Europe and helping create jobs and restore economic growth, according to her.In her speech, she also said that in the process of industrialization, technological innovation, as well as in the fields such as green economy, Europe has always been a leading player in the world.After World War II, European countries learned from their mistakes and started the integration process to create lasting peace. The EU has been successful in maintaining regional peace and promoting economic prosperity. The governance experience in Europe is useful to other regions of the world.However, the European experience should not be completely copied by other regions due to their unique history and real situations.
BEIJING, Dec. 5 (Xinhua) -- Vice Premier Hui Liangyu on Monday said China will accelerate the establishment of a social security and service system for people with disabilities.Hui made the remarks during a meeting with Shybe Chalklen, UN special rapporteur on Disability of Commission for Social Development."The Chinese government attaches great importance to protecting the rights and interests of the disabled," Hui said, adding that the Chinese government has taken a series of measures in the past to improve the living standards of people with disabilities.Hui said China will make great efforts to create a better environment for the disabled to participate in social activities equally.Chalklen spoke highly of China's achievements and progress concerning people with disabilities, saying he hopes to strengthen cooperation between the UN and China in programs for the disabled.
WASHINGTON, Nov. 8 (Xinhua) -- Children with autism have more brain cells and heavier brains compared to typically developing children, according to a study to be published on Wednesday in the Journal of the American Medical Association.The small, preliminary study provides direct evidence for possible prenatal causes of autism.The prefrontal cortex is involved in various higher order functions such as language and communication, social behavior, mood, and attention. Children who have autism tend to show deficits in such functions.Eric Courchesne, of the University of San Diego School of Medicine Autism Center of Excellence, and colleagues conducted direct counts of brain cells in specific regions of the prefrontal cortex in postmortem brains of seven boys who had autism and six typically developing males, ranging in age from 2-16 years. Most participants had died in accidents, but the researchers did not base their selection on causes of death.The researchers found that children with autism had 67 percent more neurons in the prefrontal cortex and heavier brains for their age compared to typically developing children. Since these neurons are produced before birth, the study's findings suggest that faulty prenatal cell birth or maintenance may be involved in the development of autism. Another possible factor that may contribute to the neuronal excess is a reduction in apoptosis, or programmed cell death, which normally occurs during the third trimester and early postnatal life.Though small, this preliminary study examined all relevant postmortem tissue available at the time. The relative scarcity of tissue from very young children may limit future research as well, but efforts to include a larger number of samples are needed to confirm these findings and to identify patterns of age-related changes in autism, the researchers say."Earlier studies of head circumference and early brain overgrowth have pointed us in this direction, but there have been few quantitative neuroanatomical studies due to the lack of postmortem tissue from children with autism," said Thomas Insel, director of the National Institute of Mental Health, in a statement. "These new results, along with an earlier study reporting altered wiring of the prefrontal cortex, focus our attention on this critical area of the brain in autism."
NEW DELHI, Oct. 1 (Xinhua) -- Suspected encephalitis has killed over 100 children in the northern Indian state of Bihar since June, reported local media Saturday.At least 51 children in Bihar's Gaya district died of the epidemic in the last seven weeks, in the wake of the death of 55 children in a similar outbreak of the brain disease in another district of the state earlier, reported Indo-Asian News Service.Most of the children belong to a caste known for its absolute poverty.According to district health officials, all children have died at Anugrah Narain Medical College and Hospital in Gaya, about 100 km from the state capital Patna.The children reported high fever, followed by bouts of unconsciousness and convulsions.So far, more than 220 children with suspected encephalitis were admitted for treatment, with over two dozens of the children still battling for life, according to the report.Earlier, Indian Health and Family Welfare Minister Ghulam Nabi Azad has said clinical and epidemiological data suggested that there was an outbreak of acute encephalitis syndrome, resulting in 150 cases and 55 deaths, mostly among children, from early June to mid-July in the Muzaffarpur district of Bihar.