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SAN FRANCISCO, Nov. 28 (Xinhua) -- Amazon.com on Monday announced that this past Black Friday was the best ever for its Kindle products with consumers buying four times as many Kindle e- readers and tablets as they did last year.According to the online retail giant, its newly launched tablet Kindle Fire was the bestselling product across all of Amazon.com on Black Friday, the day after Thanksgiving, which falls on Nov. 25 this year, when major retailers in the United States traditionally offer big discounts.Kindle Fire is Amazon's answer to Apple's popular iPad. Priced at 199 U.S. dollars, the Amazon product is much cheaper than iPad which starts from 499 dollars.Survey results by research firm ChangeWave Research released days before Black Friday indicated that Amazon is poised to become the No. 2 player in the tablet computer market behind Apple, due to strong demand for Kindle Fire.Amazon said Black Friday sales also showed that a lot of customers were buying multiple Kindles, one for themselves and others as gifts.The trend is expected to continue through this holiday shopping season, Amazon's vice president of Kindle products Dave Limp said in a statement.
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.
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, Nov. 17 (Xinhua) -- Online retail giant Amazon is working on a smartphone scheduled to be released in the fourth quarter of 2012, U.S. media reported Thursday.A note from Citigroup analyst Mark Mahaney obtained by technology news site All Things Digital said that based on the supply chain checks in Asia, Amazon is believed to launch a smartphone in the fourth quarter of 2012.According to the note, Amazon is working with manufacturer Foxconn and the device will run Texas Instruments' OMAP 4 processor. The Kindle Fire, the latest tablet introduced by the e- commerce giant, also uses OMAP processor.The analyst said the smartphone will cost Amazon between 150 and 170 U.S. dollars to build and the company could sell the handset at or near its cost rather than a 30 percent gross margin like many other smartphone manufacturers usually do.The move is expected to further intensify Amazon's rivalry with Apple and Google after the e-commerce giant had made moves on some booming businesses like tablet computer and cloud-computing service.
BEIJING, Nov. 10 (Xinhuanet) -- Awareness in three vegetative patients were detected in a portable electrode test, a new study shows. If replicated, the method may change standards in treating such patients.The new study, published online in the journal The Lancet Wednesday, was reported to be the first to detect signs of awareness in patients living in the unresponsive state through more accessible electroencephalogram (EEG) machine.The EEG is a portable and more affordable technique than Magnetic Resonance Imaging (MRI) scanner, but it is as effective as the MRI to diagnose patients in the vegetative state, according to the research team led by Damian Cruse and Adrian M. Owen of the University of Western Ontario.In the research test, the team hooked 16 previously determined to be vegetative patients to EEG machines and gave simple instructions to them like moving their fingers and toes.The machines show that the patterns in the premotor cortex, the area of the brain that plans and prepares movements, in three of 16 patients were exactly the same as those of healthy volunteers.While the patients were able to follow simple instructions, they were not able to make their own decisions about their state, the researchers said.