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NANJING, Dec. 20 (Xinhua) -- Chinese Premier Wen Jiabao has called for the country to maintain confidence that it can weather challenges amid a "complicated and tough" outlook of economic development."As in 2008, we are now encountering difficulties which can be overcome through hard work," Wen said during his tour to eastern Jiangsu province on Sunday and Monday.Elaborating on the grim situation, Wen said the growth of China's exports has been slowing and the pace of the slowdown has accelerated, especially in the past three months. Meanwhile, the profit margin of the country's manufacturing industry has been squeezed and some enterprises have even fallen into the red.Chinese Premier Wen Jiabao (C) talks to staff members in a small loan company for rural areas in Suzhou National New & Hi-Tech Industrial Development Zone in Suzhou City, east China's Jiangsu Province, Dec. 19, 2011. Wen Jiabao made an inspection tour in Jiangsu on Dec. 18 and 19. He noted that the country is also facing shrinking external demand, rising costs and pressure from both slowing economic growth and high inflation, which makes macro-economic regulation more difficult.Despite emerging challenges, however, the current momentum of China's economic development is "generally good," Wen said.China's economic growth has been slowing all year but remains above the global average. Its GDP growth slowed to 9.1 percent in the third quarter from 9.5 percent in the second quarter and 9.7 percent in the first quarter.To tackle the challenges, Wen said the country will boost domestic demand while stabilizing external demand and keep its export policies such as export tax rebates "basically stable" in the coming year.Efforts should also be made to enhance domestic enterprises' competitiveness, promote the transfer of industry to the country's western regions, and develop the international market, especially in emerging economies, he said.He said China will stick to, and further improve upon, the opening-up policy and welcome foreign enterprises to invest in the country, adding that the country will protect intellectual property rights and implement a fair and open bidding approach in terms of government procurement.Wen also demanded efforts be made to encourage private investment in sectors such as railways, public facilities, finance, energy, education and health-care.Furthermore, he urged banks to take concrete action in better serving the real economy and asked financial institutions to enhance support for enterprises while improving management in order to control the capital bubble and prevent risks.Wen said the southern parts of Jiangsu should engage in a comprehensive development strategy to build the province into a forefront of the country's opening-up drive.
BEIJING, Oct. 24 (Xinhuanet) -- Thirty-year-old Chen Liang acquired his iPhone 4S in a relatively straightforward way without visiting the gray market. He typed "Looking for an iPhone 4S through weibo" on the Chinese equivalent of Twitter at 9 am on Oct 17 and secured one by 2 pm that day.The software engineer was lucky. Thousands of Chinese Apple fans are desperate for the 4S regardless of the price and effort required after China was left out of Apple's list of first and second groups of countries where it launched its latest product."A friend's friend in Canada put me in contact with a supplier and I'm getting one for just 5,500 yuan (9). Unauthorized Apple retailers are setting their floor price at 8,000 yuan," said Chen, from Jiangsu province.A proud Apple customer shows off the new iPhone 4S he purchased at an Apple store in Munich, Germany."I need to have one because I see the potential of its cloud computing service and artificial intelligence application. That's currently a wide open area in China. Simply speaking, other smartphones allow you to access search engines while the 4S's cloud search using Siri - a voice recognition and talking assistant - helps to filter irrelevant results and makes suggestions for you. My work-related curiosity drove me to get one because it is the future for phones."Jin Jianhan, who works at a Shanghai-based IT company, says he will do whatever it takes to get a 4S because "it's very important to get an Apple product when it's first launched".Jin plans to contact his friends in the United States to see whether they can send him one and to keep an eye on the Hong Kong market in case the special administrative region gets the green light to sell the devices in the third round of agreements."I'd try both ways and go for the overseas one first even it won't cover my domestic Apple guarantee," said Jin. "I will take the Hong Kong 4S when it's available to replace the American one."In its first round of agreements, Apple launched the iPhone 4S in the United States, Canada, Australia, the United Kingdom, France, Germany and Japan. Apple said on Oct 17, the third day after its release, that more than four million iPhone 4S devices had been sold. That figure is more than double the 1.7 million units of the iPhone 4 that Apple sold during its first three days on the market in June last year.The second group of countries to be licensed were mostly other European states. They will get the product by the end of October. Apple China refused to give a date for when it will be sold on the mainland.Meanwhile, Apple fans all over the world are paying their respects to Apple guru Steve Jobs by snapping up the iPhone 4S in record numbers. Wang Bo, who works as an industrial designer in Sydney, Australia, reserved his at a local store."It's the last Apple product that he (Steve Jobs) ever worked with," said Wang. "I'm buying it as a souvenir."In Huaqiangbei, an area in Shenzhen known for its many consumer electronics shops, unauthorized Apple dealer Zhou Bin has been happy to work overtime since the night of Oct 15, the first day that he received supplies of the iPhone 4S.

BEIJING, Jan. 20 (Xinhua) -- China will regulate the production and sale of cosmetic colored contact lenses by including them in its list of items classified as "medical apparatus."Some people wear such non-corrective colored contacts to change or enhance eye color for cosmetic and fashion purposes.As these contacts are not for vision correction and medication purposes, they are currently off limits to the country's medical administration and regulators, said a statement published on the website of the State Food and Drug Administration on Thursday.However, with the increasingly popular use of cosmetic contacts, safety and quality problems due to the regulation loophole are likely to harm consumers' health, and the administration has decided to expand the current medical regulation on contact lenses to cover cosmetic ones, the statement said.It explained that the administration will soon issue a notice to ban the manufacture and sale of these contacts without proper registration and licenses.The statement also warned consumers of the risks of these contacts and suggested they carefully choose and use such products.
BEIJING, Oct. 14 (Xinhuanet) -- Materialism could be harmful to marriage, according to a new study published in the American Journal of Couple & Relationship Therapy Thursday.The researchers collected online "relationship assessment" questionnaires from 1,734 U.S. married couples.The questionnaire covered the topics about the couples' marital satisfaction, conflict patterns, marital communication, and marriage stability, and so on.Non-materialistic couples were about 10 to 15 percent better than those materialistics in their marital satisfaction, marriage stability and conflict levels, according to the study."What we found was a general pattern that materialism seems to be harmful to marriage," said study researcher Jason Carroll, a professor of family life at Brigham Young University.It didn't matter whether the materialistic spouse was the man or the woman, he added.However, materialism is not simply black-or-white: some couples can pursue their fortune and keep their relationship strong at the same time, the researcher suggested.But breaking their materialistic thought would be helpful for most couples, Carroll concluded.
SHANGHAI, Jan. 11 (Xinhua) -- China has allowed the Bank of East Asia (BEA) to issue yuan-denominated bonds in Hong Kong for a second time, about three years after it became the first foreign-invested bank to make a yuan bond issuance, the bank said Wednesday.BEA China Ltd, a wholly-owned subsidiary of the BEA, was given the approval by the National Development and Reform Commission of China to issue yuan bonds in Hong Kong, it said.Details on the amounts and timing of the offerings weren't available. In 2009, in a major landmark, the BEA issued its first yuan bonds in Hong Kong in an aggregate principal amount of 4 billion yuan (630 million U.S. dollars).The BEA was among the first foreign-invested banks to be given the green light to issue yuan-denominated bonds in Hong Kong, a move analysts say will bolster the international influence of the Chinese currency, also known as renminbi.Sun Minjie, deputy head of BEA China, said the second bond issuance will give the bank stable access to capital, improve its debt portfolio, and support its development on the Chinese mainland.
来源:资阳报