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YICHANG, Oct. 30 (Xinhua) -- China's Three Gorges Dam on Sunday reached its designed highest mark, the second time for the world's largest water control and hydropower project to run at full capacity.The water level hit 175 meters at 5 p.m. after storing water for nearly two months from the water level of 152 meters, said an official with the China Three Gorges Project Corporation (CTGPC), the developer of the project.A dozen hydropower turbo-generator units started operation on Sunday, generating power capacity of 8.2 million kw, said the official.The dam in central China's Hubei Province completed its first full-capacity test last October.Operating at full capacity should give full play to the dam's functions of generating hydroelectric power, delivering water to the lower reaches to alleviate spring droughts, and containing water from summer flooding, as required by the State Flood Control and Drought Relief Headquarters.The Three Gorges Project was launched in 1993 with a budget equivalent to 22.5 billion U.S. dollars.So far, monitoring shows the dam is operating smoothly.
BEIJING, Oct. 10 (Xinhuanet) -- China's small businesses turned to be the first to ring the alarm as the country is walking a fine line between fighting inflation and maintaining growth.Some entrepreneurs have disappeared and others have jumped off buildings almost every week since April in Wenzhou City, an entrepreneurial capital in eastern China's Zhejiang province, Xinhua reported.The sudden disappearance of the business owners has revealed a surprisingly gloomy picture for the small and medium-sized enterprises (SMEs) in China.RUNAWAY BOSSESAccording to a Xinhua investigation, at least 80 cash-strapped businesspeople in Wenzhou have skipped town or declared bankruptcy to invalidate more than 10 billion yuan (1.6 billion U.S. dollars) in debt.Just last month, two local entrepreneurs in Wenzhou killed themselves by jumping off the buildings and another broke his leg in a similar suicide attempt.The tragedies in Wenzhou are extreme cases of private SMEs struggling to survive a liquidity crunch amid the country's macro control policies set to curb inflation and cool down the over-heated property market.In Wenzhou, one-fifth of the 360,000 small and mid-sized businesses have stopped operating due to cash shortages, according to the city's council for small and medium-sized enterprises.Of the 855 companies surveyed by the Wenzhou Economic and Information Commission, more than 76 percent said they are almost out of money and are struggling to continue production.But many cash-strapped firms are unable to borrow money from banks, and some have turned to China's underground lending market to pool money from individuals and firms.The steep rates of the informal loans pushed some businesses to the brink of collapse.
SYDNEY, Nov. 10 (Xinhua) -- Children with fat fathers are more likely to be obese by age of eight or nine than those with healthy weight fathers, a new study by researchers at Australia's University of Newcastle found on Thursday.Researchers at the University of Newcastle found that children who had an overweight or obese dad were four times more likely to follow in their father's footsteps than those with a dad in the healthy weight range.They also found in the study that only having an obese or overweight mum in the family did not have the same effect.Lead researcher Emily Freeman said it was still unknown why overweight dads had such a significant effect on their children's weights.The researchers conducted their study using data collected from 3000 Australian families between 2004 and 2008 for a longitudinal study.They looked at the weights of children when they were aged four to five and then again when they turned eight and nine years old.According to Freeman, around 25 percent of Australian children are overweight or obese.She said helping fat dads lose weight could make a difference to the youngsters.
ABU DHABI, Jan. 16 (Xinhua) -- Visiting Chinese Premier Wen Jiabao said here Monday that China supports the efforts of European countries, including Iceland, to preserve financial stability and maintain economic growth.Wen made the remarks during his meeting with Icelandic President Olafur Ragnar Grimsson on the sidelines of the 5th World Future Energy Summit.The Chinese premier lauded the significant progress in China-Iceland relations, saying that China eyes on maintaining high-level exchanges, cementing consultation at various levels with Iceland, and consolidating mutual political trust.Chinese Premier Wen Jiabao (R) meets with Icelandic President Olafur Ragnar Grimsson in Abu Dhabi, the United Arab Emirates, Jan. 16, 2012.In coping with the global financial crisis, the two countries should seek opportunities to boost market confidence, expand bilateral trade, promote mutual investment and deepen communications in culture, education and tourism, Wen said.China and Iceland share huge potential of cooperation in such fields as energy conservation, carbon emission reductions, geothermal power and glaciers, Wen noted.Agreeing with Wen's views on bilateral relations, Grimsson expressed his appreciation of China's support for Iceland as well as other European nations in tackling the global financial crisis and reaffirmed his confidence in future bilateral cooperation.Iceland will work with China to deepen cooperation in such fields as new energy, environmental protection, ship-building, and polar regions research to promote the sustainable development of the world, Grimsson stressed.Wen arrived here Monday after concluding an official visit to Saudi Arabia. The trip will also take him to Qatar.
SAN FRANCISCO, Oct. 14 (Xinhua) -- Google on Friday announced to shut down the highly-controversial social networking product Google Buzz, along with several other services in the coming weeks.On the company's official blog, Google announced the death penalty to its code search engine, Buzz, Jaiku which let users send updates to friends, the Google personalized homepage feature iGoogle, and the University Research Program for Google Search.The shut-downs came as part of Google's housecleaning effort announced in early September, in which the company said it will shut down a number of products and merging others into existing products as features."Changing the world takes focus on the future, and honesty about the past. We learned a lot from products like Buzz, and are putting that learning to work every day in our vision for products like Google+. Our users expect great things from us; today's announcements let us focus even more on giving them something truly awesome," said Google in the blog post.Google Buzz, a social networking and messaging tool integrated into Gmail service, has been widely criticized for privacy concerns and held back the search giant from expanding its businesses to the social networking space.After Buzz, Google launched Google+ in June, which has been receiving a good response and passed the 40 million user mark, the company's chief executive officer Larry Page said Thursday.