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BEIJING, Dec. 27 (Xinhua) -- The People's Bank of China (PBOC), China's central bank, announced Tuesday that it is banning local regions, institutions or individuals from setting up gold exchanges apart from the existing Shanghai Gold Exchange and Shanghai Futures Exchange.The country also bans the establishment of any gold trading platforms in other exchanges, a statement on the PBOC website said.The statement said the country has ordered a cease to the building of any new gold exchanges or trading platforms. Those which have opened for business must cease operations.The ban came amid bigger risks in gold trading after some local regions, institutions and individuals grew enthusiastic in setting up gold exchanges and trading platforms in recent years as gold prices soared, which led to a surge of illegal practices due to inadequate management, the statement said.It added the central bank will work with the Shanghai Gold Exchange and Shanghai Futures Exchange to boost the healthy development of the country's gold trading market.

SANYA, Hainan, Dec. 4 (Xinhua) -- The five BRICS nations intend to focus and work together on developing alternative energy sources.When Bu Xiaolin, vice governor of China's coal-rich Inner Mongolia autonomous region, spoke over the weekend in front of hundreds of BRICS delegates on regional energy strategies, she mentioned little of the fossil fuels that have long contributed to the region's growth.Like many other speakers at the 1st BRICS Friendship Cities and Local Governments Cooperation Forum, which ran from Dec. 1-3 in Sanya, Hainan province, she devoted large part of her speech to discussing wind and solar energy."Facing the prospects of running out of fossil energy and the related environmental issues, developing new energy is an inevitable choice," said Bu.The forum at this seaside resort over the weekend attracted hundreds of local governors, scholars and business people from the BRICS nations -- Brazil, Russia, India, China and South Africa -- to discuss city-to-city cooperation, and new energy was among the top agenda topics.Consensus had been reached at the forum that the five countries should strengthen dialogue and cooperation for provincial and local partnerships, including infrastructure, green economy and technology transfer."We are very willing to cooperate with BRICS countries on new energy innovations, promotion and market development," said Bu.According to Bu, Inner Mongolia has huge potential in new energy, with 380 million kilowatts of exploitable wind power resources, accounting for more than half of China's on-shore wind power resources.The region is aiming for a total installed capacity of 33 million kilowatts for wind power and one million kilowatts for solar power by the end of 2015, she added.At national level, the Chinese central government expects to bring the country's total wind power installed capacity up to 150 million kilowatts in the next five years, according to national development plans.Meanwhile, in Brazil, there is movement to replace fossil energy with new energy in daily use, said Jailson Lima Da Silva, State Representative of the National Union of State Legislatures of Brazil.The country is working to increase the nation's wind power capacity, and new energy is expected to account for 65 percent of the nation's total energy consumption, he said."Brazil is optimistic on wind power exploitation, which will be one of the major fields of future investment," he said.Silva expressed hopes to work with China on new energy, especially solar power and biomass energy. "Brazil has large potential in solar energy, while China is a leading producers of solar equipment," he said.According to Mlibo Qoboshiyane, a member of the Executive Council of Eastern Cape, South Africa, the African nation is also investing extensively in wind and solar energy.South Africa has just unveiled a 12-billion-U.S.-dollar program on renewable energy development, which would largely be spent on wind and solar power and reduce the use of traditional energies, said the official.It would be helpful to exchange technologies and valuable information between the BRICS countries to keep consumption of new energies sustainable and affordable, he said. 

BEIJING, Dec. 12 (Xinhua) -- A Foreign Ministry spokesman said on Monday that China welcomes the EU's new measures for coping with the European sovereign debt crisis worked out at the recently-concluded EU summit."We hope relevant measures can help stabilize the market, boost confidence in the market, stop the crisis from worsening, promote employment and economic growth, and push forward European integration," Foreign Ministry Spokesman Liu Weimin said at a routine press briefing.Last Friday at the summit in Brussels, EU leaders agreed on establishing a new "fiscal compact" based on inter-governmental treaties rather than the expected EU treaty changes. Britain opted out of the compact.Under the fiscal compact, member states will have to submit their draft budgetary plans to the European Commission, the EU's executive arm.As world's largest economy, the stable and healthy growth of the European Union and the Eurozone will be crucial to maintaining the momentum of recovery in the world economy, Liu said.China will maintain its support for EU integration, and continue to back the EU's efforts in combating the debt crisis in various ways, so as to jointly promote the stability of the international financial market and the recovery and growth of the world economy, he said."We are confident in Europe and the Eurozone, and believe that the EU has the ability and wisdom to resolve the sovereign debt crisis," Liu said.

BEIJING, Nov. 25 (Xinhua) -- The Ministry of Commerce (MOC) said Friday that it will start an investigation into the U.S. government's policy support and subsidies for its renewable energy sector over trade barrier concerns.The MOC will look into six renewable energy programs concerning wind, solar and hydroelectric energy in the states of Washington, Massachusetts, Ohio, New Jersey and California, the MOC said in a statement posted on its website.The investigation was applied for by the China Chamber of Commerce for Imports and Exports of Machinery and Electronic Products, as well as the new energy chamber of the All-China Federation of Industry and Commerce."The applicants argued that the U.S. government's policy support and subsidies for its renewable energy industry constitute a trade barrier, as they violate the rules of the World Trade Organization and have hindered and restricted the development of China's renewable energy sector," the statement said.The applicants requested the elimination of any negative influence from the U.S. government's policy support and subsidies in order to maintain a fair trade environment, according to the statement.The investigation will end before May 25, 2012, although it may be extended to August 25, 2012 under special circumstances, according to the statement.

WASHINGTON, Dec. 7 (Xinhua) -- The use of two drugs never tried in combination before in ovarian cancer resulted in a 70 percent destruction of cancer cells already resistant to commonly used chemotherapy agents, say researchers at Mayo Clinic in Florida.Their report, published on-line Wednesday in Gynecologic Oncology, suggests that this combination, ixabepilone and sunitinib, might offer a much needed treatment option for women with advanced ovarian cancer.Neither drug is approved for use in ovarian cancer. Ixabepilone is a chemotherapy drug that, like other taxane drugs, targets the microtubules and stops dividing cells from forming a spindle. It has been approved for use in metastatic breast cancer. Sunitinib, approved for use in kidney cancer, belongs to a class of tyrosine kinase inhibitors that stops growth signals from reaching inside cancer cells.When caught at late stages, ovarian cancer is often fatal because it progressively stops responding to the chemotherapy drugs used to treat it."Women die from ovarian cancer because their tumors become resistant to chemotherapy, so a drug that might be able to reduce that resistance -- which may be what this combination of agents is doing -- would be a boon to treatment of this difficult cancer," says study coauthor Gerardo Colon-Otero.The finding also highlights the importance of the role of a molecule, RhoB, that the researchers say is activated by the drug duo. It might be a potential biomarker that may help identify patients who might benefit from such combination therapy, the researchers say.