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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".
LOS ANGELES, July 3 (Xinhua) -- Warming of the ocean's subsurface layers will melt underwater portions of the Greenland and Antarctic ice sheets faster than previously thought, increasing the sea level more than already projected, a new study suggests.The subsurface ocean layers surrounding the polar ice sheets will warm substantially as global warming progresses, according to the study led by researchers from the University of Arizona (UA).In addition to being exposed to warming air, underwater portions of the polar ice sheets and glaciers will be bathed in warming seawater, said the study appearing on the website of the American Association for the Advancement of Science (AAAS) on Sunday.The research, based on 19 state-of-the-art climate models, proposes a new mechanism by which global warming will accelerate the melting of the great ice sheets during this century and the next."To my knowledge, this study is the first to quantify and compare future ocean warming around the Greenland and the Antarctic ice sheets using an ensemble of models," said lead author Jianjun Yin, a UA assistant professor of geosciences.According to the study, the subsurface ocean along the Greenland coast could increase as much as 3.6 F (2 C) by 2100.Most previous research has focused on how increases in atmospheric temperatures would affect the ice sheets, he said."Ocean warming is very important compared to atmospheric warming because water has a much larger heat capacity than air," Yin said. "If you put an ice cube in a warm room, it will melt in several hours. But if you put an ice cube in a cup of warm water, it will disappear in just minutes."Given a mid-level increase in greenhouse gases, the researchers found the ocean layer about 650 to 1,650 feet (200 to 500 meters) below the surface would warm, on average, about 1.8 F (1 C) by 2100. Along the Greenland coast, that layer would warm twice as much, but along Antarctica would warm less, only 0.9 F (0.5 C)."No one has noticed this discrepancy before -- that the subsurface oceans surrounding Greenland and Antarctica warm very differently," Yin said.Part of the warming in the North comes from the Gulf Stream carrying warm subtropical waters north. By contrast, the Antarctic Circumpolar Current blocks some of the subtropical warmth from entering the Antarctic's coastal waters.Even so, the Antarctic ice sheet will be bathed in warming waters, according to the study.This paper adds to the evidence that sea level would rise by the end of this century by around one meter and a good deal more in succeeding centuries, the study noted.The study, "Different Magnitudes of Projected Subsurface Ocean Warming Around Greenland and Antarctica," is scheduled for the upcoming edition of Nature Geoscience later this month.
BEIJING, August 23 (Xinhuanet) -- In the U.S., the rate of injuries related to children and teens falling out of windows declined over a 19-year period, although not nearly as fast as in some cities with comprehensive prevention programs, researchers found.From 1990 to 2008, the overall rate of injuries in children and teens was 7.3 per 100,000 per year, going as high as 11.4 in 1992 and as low as 5.8 in 1999, according to Gary Smith, MD, DrPh, of the Research Institute at Nationwide Children's Hospital in Columbus, Ohio, and colleagues.The annual rate of injuries fell slightly but significantly over the study period, driven entirely by a reduction of 0.426 cases per 100,000 per year in children up to age four, the researchers reported online ahead of the September issue of Pediatrics.That is much less than the reduction seen in previous studies of fall prevention programs in New York City and Boston, which achieved declines of up to 96 percent during a 10-year period through education, increased access to window guards, and a mandate to use window guards in certain homes (only in New York City)."The slower decrease followed by a plateau in injury rates found in this study underscores the fact that prevention efforts of the magnitude undertaken in New York and Boston have not occurred nationwide," Smith and hiscolleagues wrote.The researchers also acknowledged that the study underestimated the number of injuries related to falling out of a window because it included only those children treated in emergency rooms. An additional limitation is that the case narratives often lacked details about the circumstances surrounding the injury, including any suicidal intent.
XICHANG, Sichuan, June 21 (Xinhua) -- China successfully launched a new communication satellite, the Zhongxing-10, from its Xichang Satellite Launch Center in southwest Sichuan Province on early Tuesday.The satellite, carried by a Long March-3B rocket carrier, blasted off from the center at 0:13 a.m., said a statement from the center.According to statistics from the control center, the satellite successfully separated from its carrier rocket and entered Earth's orbit as scheduled, 26 minutes after being launched.The Zhongxing-10 was designed and manufactured by the China Academy of Space Technology under the China Aerospace Science and Technology Corporation.The satellite will provide communication, broadcasting and data transmission services for users in China and the Asia-Pacific region. It will replace the Zhongxing-5B satellite, which was launched in 1998.The launch was the 138th mission for the Long March carrier rocket series.
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.