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BEIJING, Dec. 26 (Xinhua) -- The Standing Committee of the National People's Congress (NPC), China's top legislature, began here Monday to deliberate draft interpretations on two annexes of the Basic Law of the Macao concerning election issues.Li Fei, deputy director of the Commission of Legislative Affairs of the NPC Standing Committee, explained the draft interpretations to lawmakers.The Basic Law of the Macao Special Administrative Region (Macao SAR) was adopted in 1993 and went into effect on Dec. 20, 1999.Annex I to the Basic Law provides a method for selecting the SAR's chief executives while Annex II sets the method for the formation of its legislative assembly.Clause 7 of Annex I of the Basic Law says that if there is a need to amend the method for selecting the Chief Executives for 2009, and the terms subsequent to the year 2009, such amendments must be made with endorsement of a two-thirds majority of all the members of the Legislative Council and the consent of the Chief Executive, and they shall be reported to the Standing Committee of the National People's Congress for approval.Clause 3 of Annex II says that if there is a need to amend the method of forming the Legislative Assembly of the Macao Special Administrative Region in and after 2009, such amendments must be made with the endorsement of a two-thirds majority of all the members of the Assembly and the consent of the Chief Executive, and they shall be reported to the Standing Committee of the National People's Congress for the record.Li said that the phase "if there is a need to amend ..." should mean that they may or may not be amended.The decision-making on whether such necessity exists is reserved to the central authorities, or the NPC standing committee, said Li, adding that the Macao SAR government, rather than members of the Legislative Assembly, individually or jointly, should be the proper entity to propose any such amendments.Li also explained that if no amendment to the methods is adopted, the two Annexes should still apply.The full text of draft has not been made public yet, but the points raised by Li are identical to those in the committee's prior interpretations on Hong Kong SAR's Basic Law in 2004.During the deliberation, members of the committee noted that draft would help to safeguard Macao's long-term prosperity and stability.They also believed that it was "proper and necessary" to adopt the draft during this week's session as Macao's chief executive Fernando Chui Sai On had made the issue of modifying the method a "major work" in his policy address for the fiscal year 2012.Chui's statement recognized that "there is agreement that it is appropriate to properly modify the two methods in order to adapt to society's development and progress" and promised to "submit a proposal on whether to modify and - if so - how to modify the methods."Macao expects the formation of its fifth Legislative Assembly in 2013, and the selection of its fourth Chief Executive in 2014.

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.

SAN FRANCISCO, Nov. 21 (Xinhua) -- E-commerce and online payment giant eBay announced on Monday that it has acquired New York-based technology startup Hunch, an online platform that delivers customized recommendations to users based on their individual tastes.Hunch's team and expertise in areas like machine learning, data mining and predictive modeling are expected to help eBay to integrate more advanced recommendations into its website, said the San Jose, California-based company."Unlike traditional online retail approaches, Hunch will enable eBay to move beyond standard item-to-item recommendations and use a broader variety of members' online tastes and interests to suggest new and interesting items for them to browse and buy on eBay," said the company in a press release.Terms of the deal were not disclosed. Technology news site TechCrunch founder Michael Arrington said in his personal blog prior to the acquisition announcement that eBay would acquire Hunch for 80 million U.S. dollars.Hunch, co-founded by popular photo-sharing service Flickr co- founder Caterina Fake with an 11-person team of MIT graduates, was open to the public in 2009. According to eBay, Hunch's employees will remain with the company in New York.

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.

SINGAPORE, Dec. 18 (Xinhua) -- Two Chinese Navy ships called at Singapore's Changi port on Sunday on their way back to China from an escort mission in the Gulf of Aden and the waters off Somali.The destroyer Wuhan and the frigate Yulin were part of the ninth flotilla dispatched by China in July to guard commercial ships in the troubled waters against pirates.They are stopping over in Singapore for three days to replenish fuel, water and other logistic supplies, officials said.The task force will also have exchanges with the Singapore side on anti-pirate efforts, and visit Singapore's Information Fusion Center, which is aimed to promote collaboration and information sharing in maritime security.The Chinese sailors were received at the port in Changi Naval Base on Sunday morning by Colonel Tan Kai Cheong, commander of the 3rd Flotilla, Singapore Navy; Chinese Ambassador to Singapore Wei Wei and other Chinese diplomats, as well as representatives of Chinese companies and the Chinese community in Singapore.Guan Jianguo, commander of the Chinese flotilla, said the task force left the port of Zhanjiang in Guangdong province on July 2. The two Chinese naval warships made port calls in Kuwait and Oman for friendly visits before stopping over at Singapore.The Chinese flotilla escorted 280 commercial vessels, including both Chinese and foreign ships, during the five months of the escort mission in the Gulf of Aden and the waters off Somali.Sixteen of the escorted vessels were Singapore-registered.The Chinese task force and the anti-pirate flotilla dispatched by Singapore also organized exchange visits, and the commanders of the two flotillas also met for exchanges.The Chinese Navy ships will leave Singapore on Tuesday for their home country.