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SEOUL, Nov. 8 (Xinhua) -- Samsung Electronics, the world's largest flat screen TV vendor, said Tuesday that it has suspended its plan to develop active shutter three-dimensional (3D) TVs with RealD, the U.S.-based 3D technology supplier."Samsung has decided to focus on our own initiatives of 3D technology, and continues to research and develop next-generation 3D display technologies, including a glasses-free 3D solution for the home," the tech firm said in an e-mailed statement.The active shutter 3D technology drew public attention after Samsung reached a deal with RealD earlier this year to jointly develop such technology, aiming to unveil 3D TVs based on the technology early next year.The active shutter is a next generation 3D technology that incorporates merits from both shutter-glass (SG) technology, which Samsung adopted, and film patterned retarder (FPR) technology, which LG introduced in December last year.The SG technology has been touted as better picture quality and deeper 3D images, but the eyewear is heavier because it requires batteries and chips to work. The active shutter 3D technology moved its function of 3D image creation from eyewear to flat panel, making the eyewear lighter.Despite the upgraded technology and its convenience, Samsung decided to focus on its existing SG technology as the global TV market is grappling with weak demand. The penetration rate, which gauges the ratio of 3D sets against the total flat screen TVs, was expected to rise to 9.9 percent by year-end from the 3 percent a year earlier, according to Woori Investment & Securities, a local securities firm.

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.

BEIJING, Jan. 8 (Xinhua) -- Only one in every three passengers secured train tickets on Saturday through a new online booking system or by phone, according to railway statistics released Sunday.A total of 2.112 million train tickets were sold online or by phone on Saturday, making up 36.3 percent of the total sales, the Ministry of Railways (MOR) said.Railway authorities have long been under pressure to increase capacity and improve ticketing services, as many find it extremely hard to secure a single ticket during major holidays such as the upcoming Spring Festival.The MOR set up an online ticketing system this year in a bid to ease passengers' frustrations in purchasing tickets.However, website glitches have added to the woes of travelers, especially migrant workers, who make up the biggest group in the Spring Festival travel rush.The rush, dubbed the world's largest seasonal migration, started Sunday and will continue for over 40 days.China's railways are expected to carry 235 million passengers over the next 40 days, up 6.1 percent year-on-year, the MOR said last week.The Spring Festival, or the Chinese Lunar New Year, falls on Jan. 23.

VIENNA, Oct. 31 (Xinhua) -- Visiting Chinese President Hu Jintao met his Austrian counterpart Heinz Fischer here Monday and laid out a multi-point proposal to further strengthen bilateral cooperation.During the meeting, Hu spoke highly of the ties between the two countries, saying that China values its relations with Austria and is willing to join hands with Austria to elevate bilateral ties to a higher level.Then he proposed that the two sides enhance their political relationship based on equality and mutual trust, continue with their frequent high-level contacts and steer bilateral relations from a strategic and long-term perspective.The two countries should also expand their mutually beneficial economic and trade relations, he said, while calling for concerted efforts to fight trade protectionism and encourage mutual investment so as to achieve a balanced, diversified and sustainable trade relationship.Visiting Chinese President Hu Jintao (L) shakes hands with his Austrian counterpart Heinz Fischer (R) in Vienna, Austria, Oct. 31, 2011. Hu Jintao held talks with Heinz Fischer in Vienna Monday.China is willing to import more goods from Austria and to work with Austria to seek cooperation with third countries in Central and Eastern Europe, said the Chinese president, who also asked Austria to create favorable conditions for Chinese investors in Austria.Meanwhile, Hu urged Vienna to play a more active role in pushing for the EU's recognition of China's full market economy status and for a lift of the bloc's restrictions on high-tech exports to China.In the culture sphere, the two sides should promote people-to-people exchanges and boost cooperation in culture, eduction and media among others, Hu said.In addition, the two countries should also deepen cooperation in multilateral mechanisms to jointly push for a more just and fairer international political and economic order, Hu said.China, he added, is willing to enhance cooperation and coordination with Austria on important issues such as global economic governance, climate change, energy security and peaceful settlement of international disputes.History has proven that as long as the two sides understand and support each other, and respect each other's social systems and development models, the bilateral relationship can achieve long-term, steady and healthy development, Hu said.Fischer, for his part, said that he fully agrees with Hu's proposal, adding that his country is willing to enhance cooperation with China in culture, science and technology and tourism and expand coordination in the United Nations and other multilateral frameworks.

SAN FRANCISCO, Nov. 7 (Xinhua) -- Google on Monday added a highly-anticipated service to its Google+ social network, allowing businesses and brands to set up their own pages on the site.Named "Google+ Page," the service is a further challenge to its rival Facebook's fan pages, which has become a major promotion strategy for many business brands over the past several years.Unlike Facebook, Google will not charge businesses and organizations for using the scheme, and will not put ads on the pages. The service is expected to enhance the tech giant's other businesses like search and mobile advertising.Some big brand names, such as Burberry, the Barcelona football club and the Muppets, have already set up their pages.Google noted it will not pass on personal data.In addition to big brands, Google also wants small businesses that have or do not have their own websites to use Google+ Pages as their default presences.According to a report by Ad Age Digital, Google+ Pages will soon be location-aware, allowing local businesses to send offers and deals to mobile phones.According to Google, more than 40 million people have opened an account with its social network, which was launched in June. Although the network is growing very quickly, some analysts said it still has a long way to go to become a major threat to Facebook, which has more than 800 million users.