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BEIJING, March 17 (Xinhua) -- The People's Bank of China (PBOC), or the central bank, auctioned 50 billion yuan (7.61 billion U.S. dollars) of three-month bills at a yield of 2.7944 percent on Thursday, temporarily easing speculation of an approaching interest rate hike.The yield on three-month bills stood unchanged from last week at 2.7944 percent.Also, PBOC sold 60 billion yuan (9.13 billion U.S. dollars) worth of 91-day repurchase agreements to banks on Thursday with a yield of 2.8 percent.Offsetting the 181 billion yuan (27.55 billion U.S. dollars) of bills and repurchase agreements that matured, PBOC took 49 billion yuan (7.46 billion U.S. dollars) of liquidity out of the money market this week through open market operations on Tuesday and Thursday.Market analysts have been watching PBOC's open market operations closely this week as the yield of its one-year bill sold on Tuesday exceeded the benchmark interest rate of one-year deposits, which some analysts interpret as a reason for an imminent interest rate hike.Chen Lan, an analyst with Guotai Junan Securities, said higher yields on central bank bills would boost PBOC's ability to absorb liquidity from the market amidst the country's economic tightening efforts."But the hike of interest rates is not an imminent task for the central bank amid the slowdown of China's industrial investment in February, which weakened consumer confidence, and economic uncertainty overseas," Chen said.China's industrial value-added output grew 14.1 percent in the first two months of this year, the National Bureau of Statistics (NBS) announced on Friday.The growth rate during the first two months was up by 0.6 percentage points compared to that in December of last year, according to figures released by the NBS.Chen predicted that PBOC will reduce its frequency to raise banks' reserve requirement ratio in coming months but said the rate hike expectation would continue this year as the government is hoping to curb the red hot property market and soaring inflation.China's consumer price index (CPI), a main gauge of inflation, rose 4.9 percent year on year in February, adding more monetary tightening pressure to the government. 

ADDIS ABABA, Jan. 28 (Xinhua) -- The on-going political crisis in Cote d’Ivoire should be and can be solved peacefully, Chinese Envoy and Assistant Foreign Minister Liu Zhenmin told Xinhua here on Friday, ahead of the 16th African Union (AU) summit scheduled for Jan. 30-31.Liu was in the Ethiopian capital Addis Ababa, the headquarters of the 53-member African bloc, to attend the summit as special envoy of the Chinese government.Cote d'Ivoire has been trapped in a political impasse since the landmark presidential run-off held on Nov. 28. Both incumbent Laurent Gbagbo and opposition leader Alassane Ouattara claimed victory and swore themselves in as president, and formed their respective government.Gbagbo was backed by the country's Constitutional Council, while Ouattara has the support of the electoral commission and the international community including the United Nations (UN), the AU, the Economic Community of West African States (ECOWAS), the United States and France.China hopes various parties and stakeholders in Cote d’Ivoire can resolve their disputes through dialogues and consultations based on the interest of the country and its people, and maintain peace and stability, Liu said.A peaceful solution to the crisis is not only in the interests of the Ivorian people, but of the West African region as a whole, according to Liu.China appreciates the efforts made by the AU and ECOWAS to find a peaceful solution to the crisis, and will continue supporting Africa’s efforts to resolve the crisis peacefully, Liu said.According to the UN, more than 200 people have died from violence during the power struggle between Gbagbo and Ouattara.The 16th AU summit, to be held under the theme “Towards Great Unity and Integration Through Shared Values,” will gather heads of states and government from member states to discuss issues including Africa’s integration, and peace and security in the continent. The situation in Cote d’Ivoire, among others, is expected to top the agenda of the summit.

VIENNA, March 18 (Xinhua) -- The 26th Annual Congress of the European Association of Urology (2011 EAU congress) kicked off on Friday at the Vienna Austria Center in the Austrian capital Vienna.About 14,000 doctors, experts, scholars and representatives of pharmaceutical enterprises in the field of urology from more than 80 countries took part in the event, which will last till Tuesday.The EAU congress is Europe's largest fair in the field of urology. This is the third time for Vienna to host the event.The EAU congress aims to review technical innovation and technological progress in the field of urology and related subspecialties, discuss new theories, new technologies and new diagnostic methods of urological clinical trials, optimize the risk management of urological disease, and enhance doctors' practical knowledge and skills by educational activities.It also provides an important platform for related pharmaceutical, medical equipments and medical consumables manufacturers to present their latest products and technologies, and creates the opportunity of face-to-face communication between suppliers and consumers.The highlights of this year's EAU congress include the discussion of state-of-the-art kidney imaging and the application of ultrasound, computerized tomography (CT-scan) and magnetic resonance imaging (MRI).Participants are also expected to give a timely overview on the role of imaging, focal therapy and kidney biopsy in the management and follow-up of small renal masses, as well as the use of imaging in the management of urinary incontinence and other pelvic urinary pathologies.Congress organizers said that more than 200 presentations and seminars are scheduled during the five-day meeting, with an estimated 400 speakers unveiling their latest findings.

DAVOS, Switzerland, Jan. 27 (Xinhua) -- A policy of more trade and greater openness to the rest of the world has brought significant benefits to China and greater market opportunities to its trading partners, the head of the World Trade Organization says."I don't think there is any question that China joining the WTO has been a very good thing for China and for the WTO and its members," WTO Director General Pascal Lamy said in an interview with Xinhua.The WTO chief was expected to join the forum "China's Impact on Global Trade and Growth" on the sidelines of the World Economic Forum annual meeting held in this Swiss alpine town."In joining the WTO, China successfully underpinned a policy of what had been 20 years of progressive openness," Lamy said.Adherence to economic reforms through international commitments ensured that China would stay on the path of openness, he noted, adding that the policy has helped the country economically, politically and socially.Lamy stressed that China has done a "remarkable job" in reducing poverty, which is an important task for the country, along with registering double-digit growth, thus becoming the world's largest manufacturer and the second largest economy.Apart from enhanced market access with its trading partners and more equal treatment in global trade, WTO membership also has allowed China to gain access to the organization's dispute settlement system, Lamy said.According to a WTO report issued in December, as the world's biggest exporter, China ranks first in receiving anti-dumping (AD) investigations, with 23 new AD initiations directed at its exports in the first half of 2010.In recent rulings arbitrated by the WTO Dispute Settlement Body (DSB), China has won a poultry dispute against the United States, and a steel fastener case against the European Union.Being a WTO member, "China would have a seat at the table as negotiations commenced on the trade rules for the 21st century," Lamy said, referring to the decade-long Doha round of global trade negotiations aimed at building the next generation trading system.Even more importantly, for China, participation in the global system of rules and discipline greatly boosted investors' confidence and helped facilitate foreign direct investment in China, he said.On the other side of the coin, China's integration into the world trading system has given enormous driving force to the global economy and market opportunity to its trade partners.

BEIJING, March 15 (Xinhuanet) -- Chris Poole, the 22-year-old founder of 4Chan.org, criticized Facebook's approach and spoke up for online anonymity at South by Southwest Interactive in Austin, Texas, according to media reports Tuesday.Poole called out early in his keynote speech at the huge Austin tech event, referencing this Zuckerberg quote from David Kirkpatrick’s book "The Facebook Effect": "Having two identities for yourself is an example of a lack of integrity.""Anonymity is authenticity; it allows you to share in a completely unfiltered way," Poole countered. "It allows you to play in ways, you might not if people knew who you are.”Losing the ability to be anonymous on the Internet is, "a kind of loss of the innocence of youth," Poole said, crediting 4chan’s culture-infiltrating creativity to anonymity. "You can’t make mistakes,“ and then leave them behind, like the olds did pre-Facebook. If your mistakes ever made it to the Internet, they’re with you wherever you go.Poole — known by the 4chan handle "moot" — was to promote his new meme-generating venture, Canvas, still in beta testing.Launched for anime enthusiasts in 2003, 4chan is one of the most popular image-sharing bulletin boards on the Internet, with most of that traffic hitting 4chan’s notorious "random" image board, the /b/ board.