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COPENHAGEN, Nov. 3 (Xinhua) -- The launch of Shenzhou-8 and the successful docking with Tiangong-1 in outer space represented a milestone in both Chinese and international space programs, Danish space scientist and media said Thursday.Michael Linden-Voernle, an astrophysicist at the Tycho Brahe Planetarium in Copenhagen, said new possibilities have opened for both Chinese and international space programs with high expectations."The recent launch of the Tiangong-1 module and now the successful docking with the Shenzhou-8 spacecraft is a very important step - a milestone for the Chinese space program in order to realize the goal of having a permanent presence in space. That means a large space station so this is really an important step, a major milestone," Linden-Voernle told Xinhua in an interview here on Thursday.Besides, a number of Danish news media reported the event, hailing it as a "historic and successful docking." The influential daily Politiken placed a two-minute's video for the successful coupling on its website and showed scenes from the Shenzhou-8 docking with Tiangong-1 together with a short commentary."Tonight two Chinese spacecraft made the historic and successful docking above the atmosphere for the first time ever. China had been the third country in the world after the United States and Russia to master the technique of docking in space. China has laid the foundation for its dominance in space," Politiken said.Jyllands-Posten, one of the bestselling newspapers in Denmark, carried a report with a brief description of China's first space docking under the headline "China closer to its own space station.""As the third country in the world, China has docked two spacecraft together perfectly in space," said Jyllands-Posten.China's unmanned spacecraft Shenzhou-8 and its space lab module Tiangong-1 rendezvoused early Thursday, successfully completing the country's first-ever space docking.
QINGDAO, Shandong, Dec. 26 (Xinhua) -- China's largest rail vehicle maker, CSR Corp. Ltd, over the weekend launched its first test train that features speeds reaching up to 500 km per hour.The six-car train with a fairshaped head is the newest in the CRH series. It has a maximum tractive power of 22,800 kilowatts, compared with 9,600 kilowatts for the CRH380 trains currently in service on the Beijing-Shanghai High-Speed Railway, which hold the world speed record of 300 km per hour.The grey-color train carrying testing and data processing facilities was designed and produced by CSR Sifang Locomotive & Rolling Stock Co., Ltd (Sifang Locomotive), a CSR subsidiary based in the coastal city of Qingdao in eastern Shandong province.Ding Sansan, the company's chief technician, said the concept of the the super-speed train design was inspired by China's ancient sword. The bodywork uses plastic materials reinforced with carbon fiber.Shen Zhiyun, a locomotive expert and academician with both the Chinese academies of sciences and engineering, said the testing of the super-speed train with speeds of up to 500 km per hour will provide useful reference for current high-speed railway operations.
BEIJING, Dec. 16 (Xinhua) -- China issued rules for pilot programs of RMB Qualified Foreign Institutional Investors (RQFII) on Friday, formally giving a green light to investment of overseas RMB funds in mainland securities markets.The move is expected to widen the investment channel of overseas RMB funds and add new momentum to the country's bid to make the RMB an international currency.Hong Kong subsidiaries of fund management companies and securities firms can use RMB funds raised in Hong Kong to invest in mainland securities within a permitted quota, according to the rules jointly released by the China Securities Regulatory Commission (CSRC), the People's Bank of China and the State Administration of Foreign Exchange.The total investment quota of RQFII pilot programs is set at around 20 billion yuan (3.15 billion U.S. dollars), according to the rules.To control risks, qualified investors should invest no less than 80 percent of the RMB funds they raised in fixed-income securities, while investment in stocks and equity funds should account for no more than 20 percent.The CSRC will join other related departments to study the possibility of further expanding the trial program after its launch, said a CSRC official who declined to be identified.The launch of the RQFII will open another significant channel for overseas RMB funds to flow back into the country, said the CSRC official.It will also help diversify investment products for overseas RMB funds and facilitate off-shore RMB business, the official said.The RMB is not fully convertible under the capital account but China has stepped up efforts to make the currency more international over the past few years.The government has encouraged the use of the RMB in cross-border trade and investment settlement and approved foreign direct investment in overseas RMB funds obtained overseas.It also allowed Hong Kong to establish an offshore yuan market and has expanded trade settlement agreements and currency swaps to create more channels for the yuan to circulate outside the mainland.
BEIJING, Nov. 25 (Xinhua) -- The BRICS members should make joint efforts to help ease tension in the Middle East and support the region's countries in carrying out political transition and social reconstruction on their own, Chinese Foreign Ministry spokesman Liu Weimin said Friday.Liu made the remarks at a daily press briefing, after Vice Foreign Minister Zhai Jun attended a deputy foreign ministers' conference of the BRICS in the Russian capital of Moscow on Thursday.The BRICS countries' enhanced communication and coordination, joint maintenance of the basic principles of international law, and opposition to foreign armed interference in the region are in line with the common interests of Middle East countries and the international community, Liu said."China will make concerted efforts with the international society, including BRICS members, to make constructive contribution to the Middle East's peace, stability and development," Liu said.The spokesman quoted Zhai Jun as saying at the Moscow conference that the Middle East's situation has a significant impact on international politics, economy and security in addition to the impact on the political and social situations in the region.It conforms with the common interests of the region's countries and the international community for the Middle East to be politically open and inclusive, independent in foreign policy, sustainable in economic development, and peaceful and stable in security matters, Zhai was quoted as saying.Liu Weimin said a joint communique was issued at the Moscow conference. The communique called on various parties to respect the state sovereignty and territorial integrity of the Middle East countries, have extensive dialogues by peaceful means, and make active efforts to seek solutions to the crisis.The BRICS members oppose the interference in the Middle East countries' internal affairs by foreign forces, advocate the positive role of the United Nations Security Council, and urge various parties to strictly observe the authorization of the UN Security Council, according to Liu.BRICS is an acronym for Brazil, Russia, India, China and South Africa.
SAN FRANCISCO, Oct. 27 (Xinhua) -- Hewlett-Packard(HP) on Thursday announced that it will keep its personal systems group ( PSG) and continue to sell personal computers."HP objectively evaluated the strategic, financial and operational impact of spinning off PSG. It's clear after our analysis that keeping PSG within HP is right for customers and partners, right for shareholders, and right for employees," Meg Whitman, HP president and chief executive officer, said in a statement.On Aug. 18, former CEO Leo Apotheker said HP was considering spin off the PC business, which drove shares of the company to plunge 20 percent the following day.HP then said its board of directors has authorized the exploration of strategic alternatives for the PSG, and it will consider a broad range of options that may include a full or partial separation of the PC business through a spin-off or other transaction.According to HP, the review so far revealed the depth of the integration of its PC division that has occurred across the company's key operations including supply chain and procurement.In addition, it indicated that the division has made significant contributions to HP's solutions portfolio and overall brand value."Finally, it also showed that the cost to recreate these in a standalone company outweighed any benefits of separation," HP said in a press release announcing the latest decision.HP is now the world's largest PC-maker with revenues of the PC division totaling 40.7 billion U.S. dollars for fiscal year 2010, according to figures from the company.A recent report from market research firm Gartner found that in the third quarter of 2011, HP's PC shipments grew 5.3 percent year- on-year, faster than the industry average of 3.2 percent, and its share in global PC market actually increased slightly to 17.7 percent.Though the PC division has a lower margin, the position and scale as the world's No. 1 PC-vendor gives HP advantage to negotiate with other suppliers and helps its other businesses, analysts said.The announcement to keep the PC unit is seen as the first major move of HP under new CEO Whitman, who took the job just over a month ago after replacing Apotheker on Sept. 22.