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BEIJING, July 17 (Xinhua) -- China's land prices in 105 cities rose 1.87 percent on average in the second quarter over the first, but the rate of growth slowed, the China Urban Land Price Dynamic Monitor, a land price information provider, announced Sunday. < In the second quarter, land price for business properties averaged 5,506 yuan (about 847 U.S. dollars) per square meter, up 2.77 percent from the previous quarter. The growth rate slowed by 0.56 percentage points.Land price for residential properties averaged 4,443 yuan per square meter, up 2.17 percent. The growth slowed by 0.27 percentage points. The price for industrial uses, meanwhile, was up 1.13 percent to reach 645 yuan per square meter. The growth fell 0.3 percentage points.The country's three most prosperous regions, the Yangtze River Delta Region, Pearl River (Zhujiang) Delta Region, and the Bohai Rim, all reported slower land price growth in the second quarter.
BEIJING, Sept. 2 (Xinhuanet) -- The amount of space junk orbiting the Earth could cause fatal leaks in spaceships or destroy valuable satellites, according to a report released by the U.S. National Research Council.Computer models have shown that the number of orbital debris "has reached a tipping point, with enough currently in orbit to continually collide and create even more debris, raising the risk of spacecraft failures," the Research Council said Thursday.So far, there are 22,000 pieces of debris large enough to track from the ground, but smaller objects could still cause serious damage.New international regulations are needed to limit space junk.And more researches should be done to test the possible use of launching magnetic nets or giant umbrellas to push the debris further towards the Earth where it would burn up, or into a higher but safer orbit.
SAN FRANCISCO, June 13 (Xinhua) -- Social networking giant Facebook will likely go public in the first quarter of 2012 with a valuation that could top 100 billion U.S. dollars, U.S. media reported on Monday.In a report, CNBC quoted people familiar with the matter as saying that Facebook could submit filing to register its securities with the U.S. Securities and Exchange Commission (SEC) as early as October or November this year.People who are on Wall Street and track this information told the business news television channel that they think the Facebook initial public offering (IPO), if and when it happens could value the company of more than 100 billion dollars.A factor in the company's IPO timing is the SEC's requirement that companies must disclose financial information if they have more than 500 private investors."The company has until the end of April 2012 to disclose their financials, but they may just want to get ahead of that by doing a formal initial public offering, I'm told. And that could happen in the first quarter of the year," said CNBC Wall Street reporter Kate Kelly.Facebook is also facing internal pressure as employees have not been permitted to sell their private shares on the secondary market since last spring. An IPO would make it easier for employees to monetize their shares, said Kelly, citing sources.Facebook shares have been traded in private markets such as Sharepost.com, which puts the social networking company's valuation at 85 billion dollars.Meanwhile, latest data show that Facebook is losing users last month in the United States, Canada and several European countries, indicating that the company could have hit the limits of expansion in its mature markets.
KUBUQI (Inner Mongolia), July 10 (Xinhuanet) -- Amos Nadai, ambassador of Israel to China, spoke highly of the desertification control efforts in the Kubuqi desert of China during an exclusive interview with Xinhuanet here Saturday. "It's a huge area, which is more than half of my country," Nadai said, "I see a lot of planting and it's very beautiful." Nadai was here for the 2011 Kubuqi International Desert Forum held in the Kubuqi Desert, Inner Mongolia of China. As a small country with half of its land being desert, Israel has to work very hard in desertification control and has accumulated a great deal of experience. However, Nadai praised China's efforts in learning new technologies applied in the Kubuqi desert. He said that China takes this very seriously and has developed really rapidly. "They are doing the right thing; they bring here every two years the best experts from all over the world, and they listened carefully," he said. Nadai said that he saw the way people here fight against desertification, develop tourism, boost the use of clean energy, and he was very impressed. That's why Israel is happy to cooperate with China in this field, Nadai said. He also introduced a long-term project that Israel has been working together with China in Xinjiang, which Israel introduces methods to the local farmers that can grow the same amount of crop by using 50 percent less of water. "The local people have learned everything that we can offer them and they can do it alone now," Nadai said. The ambassador, who was awarded the Honorary Citizenship of Chengdu City, the capital of Sichuan Province, Wednesday, said: "I am very very excited for that honor."
BEIJING, Aug. 24 (Xinhua) -- China will prioritize the development of six types of new materials in its new material industry over the next five years, the China Securities Journal said on Wednesday.The report cited an insider, who noted that the country's 12th Five-Year Plan (2011-2015) for the new material industry will come out in September, in which the government will launch key projects to support the development of the six materials.The six materials will be high-strength light alloy, advanced iron and steel, carbon fiber composite, new power battery material, function coated material, and rare earth function material, according to the report.The plan states each of the six sub industries will form a sizable industrial scale, with the industry's total output value to hit trillions of yuan by the end of 2015, and the self-supply rate to reach 70 percent during the period, the report said.Meanwhile, the government will also foster the development of materials in sectors such as green building material and the biomedical industry over the next five years, it added.