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BEIJING, Nov. 6 (Xinhua) -- Employment quality in China is relatively low, which is a major reason affecting the quality of economic growth, says a latest report on the labor market.The report, released Saturday by the Labor Market Research Center of the Beijing Normal University focusing on the quality of employment in China, says Beijing, Shanghai and Tianjin were the top three cities in terms of employment quality, adding the overall employment quality in China is still low."Poor employment quality in China is a major reason for the poor quality of economic growth," said Lai Desheng, a professor with the Beijing Normal University.

NEW DELHI, Jan. 9 (Xinhua) -- Chinese ambassador to India Zhang Yan Monday proposed that China and India make more efforts to develop economic ties.At a meeting on China-India relations attended by Indian National Security Advisor S. Menon, the ambassador said the Chinese side is fully aware of the necessity to narrow the trade gap between the two sides in order to ensure the sustainability of bilateral trade cooperation."China will take measures to increase the import of Indian products which have market demand in China. But our cooperation should not be limited in trade only," said the ambassador.He suggested that China and India should diversify their trade structure, expand the scope and items, and increase the technical content and added value to the products, while expanding into financial, service and investment sectors.The envoy said China and India should initiate policy dialogue and coordinate their economic development strategy in order to ensure steady growth of respective economy, encourage mutual investments, consider the free trade agreement or regional trade arrangement, and increase tourism cooperation.Zhang said that as an encouraging sign of economic ties, the bilateral trade volume is set to hit 70 billion U.S. dollars in 2011, an over 20 percent increase over the previous years, while China set up its first branch of the Industrial and Commercial Bank of China in Mumbai last year.

SAN FRANCISCO, Nov. 1 (Xinhua) -- Yahoo, which has been rumored to sell all or part of its business, announced on Tuesday that it is buying data-driven advertising network Interclick for around 270 million U.S. dollars.Interclick is a technology company providing data targeted solutions and optimization technologies."This investment underscores our focus on enhancing the performance of both our guaranteed and non-guaranteed display business across Yahoo and our partner sites and, combined with Yahoo's reach and advertising leadership, will deliver a powerful solution for marketers," said Ross Levinsohn, Yahoo's executive vice president for the Americas region.Some analysts said Interclick's technology could help Yahoo to grow its display advertising market share as Google and Facebook have gained on or surpassed the company in the area.But the acquisition also raised questions considering Yahoo's financial situation after it reported last month its revenue in the last quarter decreased by 5 percent year-over-year. The company is also in a chief executive officer (CEO) search following the firing of former CEO Carol Bartz in September and amidst reports of a possible takeover.Although in a financial struggle, Yahoo still has around 700 million unique monthly visitors and its news division is the biggest online news site with around 81.2 million unique visitors in August.Tech giants like Google and Microsoft are reported to be considering providing finance for the acquisition of Yahoo by another company or a group of companies.In a report on Monday, Bloomberg News reported that Yahoo is leaning toward selling Asian assets and redistributing the proceeds to shareholders, rather than selling itself to a group of buyers. Yahoo's shares fell more than 5 percent after the possibility was reported.

BEIJING, Jan. 3 (Xinhua) -- China's building materials showed different momentum of growth in November 2011, with a slowing cement output growth and a speeding plate glass, according to latest statistics from the country's top economic planner.Cement output growth in November 2011 stood at 11.2 percent year-on-year, 6.1 percentage points lower than previous year, while plate glass production expansion reached 7.1 percent year-on-year, quickening by by 0.5 percentage points from previous year.Still, China's cement output reached 1.89 trillion tonnes in the first 11 months of last year, an increase 17.2 percent year-on-year, 1.6 percentage points faster than previous year.The output of flat glass, a sector fraught with overcapacity and duplicated construction problems, rose 17 percent year-on-year to 6.82 trillion weight boxes in the January-November period of last year, according to the NDRC.Profits of China's building materials industry surged 53.1 percent year-on-year to 243.7 billion yuan (38.68 billion U.S. dollars) in the first 11 months of 2011.To curb the overcapacity and repeated construction in the flat glass sector, the NDRC said in a statement in October 2011 that it would take move nationwide to clear up projects for construction of flat glass production facilities.

QINGDAO, Shandong, Dec. 26 (Xinhua) -- China's largest rail vehicle maker, CSR Corp. Ltd, over the weekend launched its first test train that features speeds reaching up to 500 km per hour.The six-car train with a fairshaped head is the newest in the CRH series. It has a maximum tractive power of 22,800 kilowatts, compared with 9,600 kilowatts for the CRH380 trains currently in service on the Beijing-Shanghai High-Speed Railway, which hold the world speed record of 300 km per hour.The grey-color train carrying testing and data processing facilities was designed and produced by CSR Sifang Locomotive & Rolling Stock Co., Ltd (Sifang Locomotive), a CSR subsidiary based in the coastal city of Qingdao in eastern Shandong province.Ding Sansan, the company's chief technician, said the concept of the the super-speed train design was inspired by China's ancient sword. The bodywork uses plastic materials reinforced with carbon fiber.Shen Zhiyun, a locomotive expert and academician with both the Chinese academies of sciences and engineering, said the testing of the super-speed train with speeds of up to 500 km per hour will provide useful reference for current high-speed railway operations.