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MADRID, Jan. 24 (Xinhua) -- The Spanish branch of Industrial and Commerce Bank of China (ICBC) was officially inaugurated in Madrid Monday.ICBC President Jiang Jianqing, Spanish Minister of Industry, Tourism and Commerce Miguel Sebastian and Chinese Ambassador to Spain Zhu Bangzao attended an inaugural gala dinner here.In a speech, Jiang thanked the Spanish government and authorities for allowing the ICBC to open in Spain and highlighted the importance of the Spanish economy and the close relations between the two countries.Sebastian said Spain welcomes the arrival of the biggest Chinese bank, which would further improve the already good relationship between the two counties.The Madrid branch is to provide a wide range of financial services to 166,000 Chinese nationals living in Spain.ICBC has a total of 386,723 employees and 162 foreign branches throughout the World.

NEW YORK, March 9 (Xinhua) -- The U.S. stocks dropped on Wednesday, the two-year anniversary of the beginning of a bull market, as concerns of oil prices and Middle East unrest continued to weigh on investors' minds.U.S. crude oil price dipped on Wednesday as crude inventories rose more than expected, though Brent crude rose on fears caused by continued violence in Libya.Meanwhile, Rex Tillerson, the CEO of energy giant Exxon Mobil Corp., said on Wednesday that he didn't think the recent jump in oil prices was hurting the U.S. economy just yet, but it's getting close.The market was worrying that the surging oil prices would hurt global economic recovery. Adding to those concerns, the Portuguese government's two-year cost of borrowing hit the highest level since it joined the eurozone in a bond auction on Wednesday.Wednesday marked the two-year anniversary of the beginning of a bull market. On March 9, 2009, the Dow Jones Industrial Average closed at 6,547 and the Standard & Poor's 500 Index closed at 677. The Dow is back above 12,000 now and the S&P 500 index has almost doubled.Meanwhile, the wholesale report was slightly positive, but still failed to boost the market. According to the U.S. Commerce Department, the wholesale inventories climbed 1.1 percent in January. Sales at the wholesale level rose 3.4 percent, the largest gain since November 2009.Economists expected that as businesses kept expanding, demands for products would continue to grow. And larger sales may also encourage businesses to keep restocking their shelves and boost factory production.According to the report, a 10.6-percent rise in demand for petroleum helped lift sales, reflecting higher oil and gas prices.While some investors were concerned that surging oil prices might have a negative impact on economy, some others believed the boost in sales and inventories in January hinted that the economy could withstand the impact.The Dow Jones industrial average lost 1.29 points, or 0.01 percent, to 12,213.09. The Standard & Poor's 500 Index was down 1. 80 points, or 0.14 percent, to 1,320.02. The Nasdaq declined 14.05 points, or 0.51 percent, to 2,751.72.

MOSCOW, April 12 (Xinhua) -- Does life exist on other planets beyond the solar system? Are there any other planets like the Earth in our universe? And what does the universe look like?On questions related to outer space, human beings have never stopped observing and thinking.Yuri Gagarin, who made the first manned space flight on April 12, 1961, and orbited Earth for 108 minutes before safely landing, opened a window named "space" to humankind. The Soviet cosmonaut's journey continues to be an inspiration for the world to "conquer" space -- but now for more peaceful purposes.After the Cold War, cooperation on space exploration and scientific researches has turned to a more pragmatic way. More and more countries are realizing that space programs are closely linked with their people's lives than ever before.GAGARIN'S LEGACY INSPIRES PEACEFUL COOPERATION IN SPACEThe UN General Assembly adopted a resolution earlier this month that declares April 12 the International Day of Human Space Flight. The resolution has been supported by more than 60 countries."Man's space odyssey, the fruitful cooperation of many states in outer space would have been impossible without the very first step, Yuri Gagarin's flight," said Vitaly Churkin, Russia's permanent representative to the United Nations.However, the first human space flight was actually a result of competition between the East and the West at the height of the Cold War when the Berlin Wall was built.That competition gradually evolved, however, into a joint space project that has drawn more than 15 nations -- the International Space Station (ISS). Such a project would almost impossible to imagine before.The Mars-500 project in Moscow, aimed at testing the physical and psychological strains on humans during a 500-day journey to "Mars," is another good example of the international cooperation in scientific research. The experiment included six crew members from four countries, including Russia, China, France and Italy.Compared with the times of Gagarin, who died in a 1968 plane crash,mankind has changed its approach to space exploration, rendering it more pragmatic. That's according to cosmonaut Pavel Vinogradov, now a deputy head of the Space Flight Center in the Energy Rocket-Space Corporation."Early romanticism and space race have gone. Countries have been replaced by the business-oriented cooperation in the recent decade," Vinogradov told Xinhua.Experts said the scale and costs of space explorations require massive international cooperation."Space programs have been more money-thirsty even than military programs, so the nations seek closer cooperation," Vinogradov said, "and this pays off."STARDUST YIELDS TO PRAGMATISMUnlike 50 years ago, space technologies now are more closely linked to people and more directly affect their daily lives. Nowadays, one just cannot imagine life without satellite TV or GPS.Veteran cosmonaut Georgy Grechko said orbits have become construction sites rather than military facilities and the space industry itself has swiftly evolved into just another sector of the global economy.Echoing Grechko, Vinogradov said space also is a testing ground for many other sectors, including the bio-technological and pharmaceutical industries."What is just as important, outer space has turned into a platform for close, open, and fruitful international cooperation for the benefits of global, universal peace and development," Russian President Dmitry Medvedev has said.UN General Assembly President Joseph Deiss has said that the newly established International Day of Human Space Flight should serve as an opportunity to reflect on the importance of peaceful use of space to develop essential technologies and scientific breakthroughs."Space technology is used in matters diverse, such as the fight against climate change, against desertification, and against the loss of biodiversity," Deiss said. "The satellite images provided have given essential data when it comes to avoiding the risks of natural disasters."So far, mankind has never stopped making progress beyond the earth's boundaries and the progress itself has never stopped sparking people's imagination about what is possible through the peaceful use and exploration of outer space.What's more, humankind has never stopped the space dream."The task of the government is to inject into the people an ability to dream," said Igor Zadorin, a member of Russia's National Strategy Council.Here is interesting news: NASA's head Charles Bolden arrived in Russia on the eve of Gagarin's flight anniversary and was expected to discuss Russia-U.S. cooperation on a joint flight to Mars by a nuclear-powered spacecraft.What can we expect in the future?

SHANGHAI, Jan. 29 (Xinhua) -- Three Carrefour stores were fined 500,000 yuan (75,988 U.S. dollars) each on Saturday for overcharging customers in east China's metropolitan Shanghai, said municipal price regulators.The fine is the highest for such wrongdoing, with the tickets being issued Saturday morning.The three stores were also ordered to correct their illegal pricing and refund overcharged customers, said the regulators.A hearing will be held to decide the final amount of the fine. Carrefour representatives will be able to respond to the charges at the hearing, according to regulators.China's price regulator announced last week that it had found several retailers cheating customers, which included 11 of Carrefour's China stores.Carrefour China promised customers Saturday that it would provide refunds of five times the difference between advertised prices and incorrect prices charged at registers, after it was blacklisted by Chinese authorities due to deceptive pricing.Chen Bo, spokesperson with Carrefour China, apologized to Chinese customers during an exclusive interview with Xinhua.Chen said the company has started to work on this pricing issue.Carrefour China has established both short-term and long-term measures to resolve the issue, Chen added."We will have our special control group conduct internal price inspections, with wide coverage and high frequency," Chen said.Chen said the refund policy would be permanently implemented at Carrefour's 182 outlets in China, with non-implementation of the policy being regarded as a violation of company rules.The National Development and Reform Commission, China's top economic planner, also urged authorities to step up price checks ahead of the Spring Festival, which falls on Feb. 3 this year.The Spring Festival holiday is usually the busiest shopping season, as the public makes large purchases of food and gifts for families and friends.

BEIJING, April 14 (Xinhuanet) -- Computer sales declined in the first three months of this year for the first time since 2009 worldwide.PC sales fell 1.1 percent in the first quarter to 84.3 million worldwide, according to tech research firm Gartner Wednesday, well short of its forecast for 3 percent growth.The dip was the first since the second quarter of 2009, when most of the world was still in the grip of economic turmoil."Although the first quarter is traditionally a slow one for PC sales, these shipment results indicate potential sluggishness, not just a normal seasonal slowdown," said Gartner, in a statement.Consumers select IT products at an IT fair named "Sham Shui Po computer festival" in Hong Kong, south China, Feb. 15, 2011. The eight-day IT fair kicked off here Monday. Some 600,000 people are predicted to visit the fair.Weak demand for consumer PCs was the biggest drag on the market, according to Gartner principal analyst Mikako Kitagawa."Low prices for consumer PCs, which had long stimulated growth, no longer attracted buyers," Kitagawa said."Instead, consumers turned their attention to media tablets and other consumer electronics."After Apple's second-generation iPad was released in February, many consumers either switched allegiances or simply held back from buying PCs, according to the analyst.Japan was a particularly weak spot, with PC sales falling 13 percent in the quarter, as people focused on getting back to normal after the March 11 earthquake and tsunami rather than spending money on new technology.

来源：资阳报