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BEIJING, Sept. 26 (Xinhuanet) -- One of the world's brightest minds aims to bring to the world a new, advanced three-dimensional image technology that will leave other such technology in the shadows."Our new technology will be better than that used in Avatar," says Professor Yau Shing-tung of Harvard University."The image will be more vivid than with technologies used in previous movies. The new technology is not only quicker but cheaper."Yau is one of the world's greatest mathematicians, having won the prestigious Fields Medal. He was once the dean of the department of mathematics at Harvard, and is now a professor there. He is also a visiting professor at Tsinghua University.Professor Yau and his team met professionals from Tsinghua University and Renmin University of China last week, and they discussed possible cooperation to apply the technology in making a demonstration movie using the new technology.Yau and a team started working on the new 3D technology, founded on geometrical principles, at Harvard 10 years ago.What marks it out is the extremely vivid pictures it produces.3D technology is used not only in making movies and in Internet games but in other areas , such as medicine. Movie audiences the world over were awestruck by the technology used in the movie Avatar."After I watched the movie, all I could say was 'Wow'," said Shen Yiren, an IT staff worker in Zhongguancun Science and Technology Park Zone. "3D technology has extended the boundaries of the human imagination."Yau says that six years ago the makers of Avatar had wanted him to cooperate with them but he turned them down."I was not sure that (Avatar) would be such a big success."Avatar's facial caption technology puts points on models' faces while the new technology uses geometric methods, saving time and money, Yau says.

SAN FRANCISCO, June 15 (Xinhua) -- As social networking sites like Facebook and Twitter grow worldwide, more Internet retailers are beefing up their efforts to add social twists to their business, trying to define the idea of "social commerce" and capitalize the opportunity.On Wednesday, online auction giant eBay revealed some of the social features it is planning to launch later this year, while Copious, a San Francisco-based startup, launched its online social commerce marketplace with a slogan of "buying from and selling to people, not strangers."Copious asks users to log in through their Facebook accounts and allows buyers and sellers to see if they have friends in common in their social networking sites. Buyers can see more information about a seller and also see whether anyone in their networks has purchased, shared or commented on an item from a specific seller, rather than anonymity or simple profiles on sites like eBay and Craigslist.As for sellers, Copious has a social pricing mechanism that enables a seller to offer buyers discounts for sharing listings on Facebook and for following the seller on Copious.Jonathan Ehrlich, Copious co-founder and former Facebook head of marketing, told technology blog TechCrunch that the site is centralized around using social data as a signal to help users understand and trust other parties.According to Copious, the startup founded in January 2011 has raised two million U.S. dollars in funding from Foundation Capital, Google Ventures, Blackberry Partners Fund and a number of Silicon Valley angel investors.Also on Wednesday, Christopher Payne, vice president and head of eBay North America, delivered a keynote speech at the Internet Retailer Conference and Exhibition 2011 in San Diego, revealing some features eBay is launching during the social trend.One feature will enable users to log in their Facebook account on eBay's homepage to get product recommendations based on one's purchasing history and things they have "liked" on their Facebook page. Another feature will allow users to post multiple products on their Facebook page to get their friends' opinions and ask them to vote for the final purchase.EBay has been stepping up its social efforts, and Payne said on Wednesday that social is a top-level initiative for Internet retailers. Last month, eBay hired former Yahoo executive Don Bradford to lead its social commerce efforts. Last November, it launched Group Gifts service, enabling users to chip in to buy a gift for someone.A research by Adgregate Market in March showed that more brand websites are losing traffic to their Facebook pages. The study revealed that the "Facebook stores" of most Internet retailers are more efficient at acquiring visitors, indicating social commerce is poised to take off.Although the idea of social commerce is still new, more companies are trying to seize the opportunity in their own moves.There are many other companies taking the social commerce model. Oodle, the exclusive provider of classified ads on the Facebook Marketplace, rolled out a series of social features last December to make more money from social classifieds.In February, Payvment Inc. launched a Facebook Mall, where consumers can shop for more than 1.2 million products among 60,000 retailers in a single shopping cart.Yardsellr, which is often called "an eBay for Facebook," allows sellers to list items at fixed prices in different categories called "blocks," such as jewelry and purses. Prospective buyers can "like" the "blocks" they are interested in on the Yardsellr website or its Facebook page, and then they will get Facebook news feed if a seller has something to offer in the category.Yardsellr said 1.5 million people were following its "blocks" by late December 2010 and the number of new followers is growing by 20,000 daily.

BEIJING, May 31 (Xinhuanet) -- European anti-trust regulators Monday launched in-depth probes into takeover bids for two Asian companies by two American peers in the computer hard disk drive sector, media reports said Tuesday.U.S.-based Seagate Technology has said it wants to buy Samsung Electronics Co's loss-making hard disk drive unit for 1.4 billion U.S. dollars -- a deal that will give Seagate access to Samsung's NAND-type flash chips for its solid-state drive products.Western Digital plans to purchase Hitachi Ltd's hard disk drive business for 4.3 billion dollars to give it an edge in developing next-generation storage technology.The two planned acquisitions in a sector with just five manufacturers worldwide have raised concerns in Brussels, the European Commission said."Hard drives are the backbone of the digital economy," said EU competition commissioner Joaquin Almunia in announcing the investigation."The sector has already experienced significant consolidation and the proposed acquisitions will further reduce competition."Brussels officials have until Oct. 10 to decide what action if any they will take.

BEIJING, July 11 (Xinhuanet) -- The pace of China's import growth in June fell to its lowest level in 20 months as tightening monetary policies kicked in, resulting in the biggest monthly trade surplus this year, official statistics show.Import growth is expected to slow in the coming months, thanks to the broad impact of the tightening measures, before picking up in the last quarter, economists predicted.According to the General Administration of Customs (GAC), imports rose 19.3 percent, from a year earlier, to 9.7 billion, the weakest since November 2009.Exports rose 17.9 percent and despite this being the smallest increase since last December they reached a record high of 1.9 billion.The decline in import growth has led to a widening trade surplus, .3 billion in June compared to .1 billion in May. But in the first six months the trade surplus dropped 18 percent, year-on-year, to .9 billion."Import growth was weaker than expected, as imports for China's processing trade weakened and de-stocking in heavy industry continued," Wang Tao, head of China Economic Research at UBS Securities, said."Recent commodity price drops, including crude oil, also helped lower the import bill," she added.June's net imports of crude oil fell 12 percent from May to 19.43 million metric tons, the lowest since October, amid refinery maintenance and slowing energy demand, according to the GAC figures."Decelerating economic growth and tightening measures to soak up market liquidity have reined in import growth, but it is not a cause for worry," Li Wei, an economist at Standard Chartered Shanghai, said.The government is expected to announce economic growth data for the second quarter on Wednesday. Gross domestic product growth is widely predicted to slow from 9.7 percent for the first quarter."The slowdown in import growth will last two to three months or even longer due to both falling demand and possible commodity price drops," Li said.Zhong Shan, vice-minister of commerce, said recently that imports will slow down in the second half, citing the government's measures to cool the economy.The central bank has raised interest rates five times since mid-October, with the latest on July 7, and increased the reserve requirements for commercial banks, the amount they have to set aside, nine times since November. The consumer price index, a major gauge of inflation, surged to 6.4 percent last month, the highest in three years.Zhao Fudi, GAC spokesman, said in an online broadcast on Sunday that higher prices are increasing inflationary pressure, leading to a 14.7 percent gain in the overall price of imported commodities in the first half.Imports surged 27.6 percent year-on-year to 9.4 billion from January to June, as commodity prices rose during the first half. Exports increased 17.9 percent in June, down from 19.4 percent in May."This is because of weaker external demand" from developed nations, Wang said.Exports increased 24 percent, year-on-year, to 4.3 billion during the first half, but exports to both the United States and the European Union, China's two major trading partners, rose by only 16.9 percent."The slow recovery of the global economy and the European debt crisis have added uncertainties to export growth," Zheng Yuesheng, head of the GAC statistics department, said.Lu Zhengwei, chief economist at Industrial Bank, believes that the March earthquake and tsunami in Japan hurt China's exports."The disaster cut off China's imports of parts and components used for mechanical and electrical goods, leading to a decline in those exports" which make up a majority of China's exports, Lu said.As Japanese manufacturers resume full production, or come close to it, in September, China's exports will regain momentum, he predicted.Li Wei agreed. "China's exports keep pace with the global economic recovery. And growth will probably see a turnaround in September" when orders for the Christmas season are usually made, Li said.Many companies in China's coastal regions are far from optimistic, citing rising costs in labor and raw materials and yuan appreciation, as well as shrinking demand abroad.Han Jie, deputy director general of the department of commerce in Zhejiang province, said "exporters in Zhejiang have experienced a disappointing first half, and the second half will not be better".

WELLINGTON, Aug. 8 (Xinhua) -- A New Zealand study has found that people who work at least 50 hours a week can be up to three times more at risk of alcohol problems than people who work fewer hours.The study, conducted by the University of Otago, used data that followed more than 1,000 people born in Christchurch in 1977 through to age 30.Study leader Dr Sheree Gibb said it aimed to examine whether working hours were related to alcohol problems in early adulthood.Data from more than 1,000 participants at ages 25 and 30 showed a significant association between longer working hours and alcohol- related problems.Longer working hours were associated with higher levels of alcohol problems including frequent alcohol use and alcohol abuse or dependence.People who worked 50 hours or more on average a week were 1.8 to 3.3 times more likely to have alcohol-related problems than those who were not working, and about 1.2 to 1.5 times more likely to have alcohol-related problems than those who worked 30 to 49 hours a week.The higher risk of alcohol abuse for those who worked longer hours was evident in both men and women, according to the study.Gibb said the finding could suggest a need for consideration of policies and programs targeting individuals who worked long hours, with the aim of reducing rates of alcohol-related problems.The article had been accepted for publication by the UK-based journal Addiction.