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BEIJING, Feb. 15 (Xinhua) -- Chinese Vice Premier Wang Qishan told a U.S. business delegation Tuesday that China would create a sound environment for business cooperation between the two countries.Praising the contribution of U.S. businesses to the sound development of China-U.S. relations, Wang said more exchanges between business people from the two countries would help promote bilateral trade cooperation.Chinese Vice Premier Wang Qishan (C front) poses for a group photo with members of a visiting U.S. business delegation headed by John Mack, chairman of Morgan Stanley, in Beijing, capital of China, Feb. 15, 2011. Executive chairman of Morgan Stanley and chief delegate John Mack said the U.S. business community would increase exchanges and cooperation with Chinese counterparts and play a positive role in the sound development of bilateral relations.The delegation, composed of the heads of many major U.S. companies, including General Motors, is visiting China from Feb. 13 to 16 for unofficial exchanges with Chinese businesses, including China National Offshore Oil Corporation and CITIC Group, according to the China Council for the Promotion of International Trade.
BEIJING, May 28 (Xinhua) -- The issue of third-party online payment permits in China this week will boost the sector's development through giving it a legal status, analysts said.The People's Bank of China (PBOC), or the central bank, on Thursday announced its first batch of electronic payment licenses to 27 qualified third-party online payment platforms, including Alipay, Tenpay and 99bill.It also stipulated that all the third-party payment businesses should obtain licenses before September, or cease doing business.The move has long been awaited after the central bank said in June last year that non-financial institution payment service would be regulated, and that all businesses involved in the service must get licenses before Sept. 1, 2011.The license covers payment transactions such as Internet payment, mobile phone payment, bank card acquiring service, issuance and accept of prepaid cards and currency exchange.The move provides a legal status for the third-party payment sector so that it can develop in a more standard and healthy way, said Zhang Meng, an analyst with Analysys International, an Internet market information provider.Third-party payment enterprises refer to those non-financial operators who work as the third party between buyers and sellers to provide payment settlement through Internet, telephones or mobile phones.China has the world's highest number of Internet users, with about 457 million netizens, among whom 148 million were active online shoppers as of the end of last year.China's online payment topped 1.09 trillion yuan (167.29 billion U.S. dollars) last year. The figure was 397.3 billion yuan in the first quarter this year, almost doubled year-on-year.99bill CEO Guan Guoguang called the issue of the third-party payment licenses "a milestone" for China's e-payment sector.Requiring that enterprises must be licensed to operate e-payment businesses will help standardize the sector, improve services and boost integration of e-payment and e-commerce, said Guan.The first group of e-payment license holders include Alipay.com Co. Ltd, a unit of Alibaba Group Holding which owns the country's largest e-commerce website Alibaba.com Co. Ltd.; China UMS, a unit of China UnionPay Co. Ltd; Tenpay.com, an e-payment platform developed by Chinese Internet giant Tencent Holdings and Shengfutong, launched by Shanda Interactive Entertainment.Five applicants, however, failed to get licenses.Businesses with licenses will attract more investment and high-end personnel, says iResearch analyst Cheng Shanbao.For those without a license, they will be merged or have to pull out of the sector, according to Yeepay CEO Tang Bin.The central bank selected enterprises that have good management and risk control systems, as well as profit prospects, Zhang Meng said.Mergers are inevitable as the cut-off date of Sept. 1 is approaching, he added.The third-party payment enterprises mainly profit from 1 to 4 percent fees, but analysts believe profits from the fees might be reduced due to fierce competition.
BEIJING, Feb. 14 (Xinhua) -- Chinese President Hu Jintao met with delegates from the national Party building society here Monday.Vice president Xi Jinping and He Guoqiang, secretary of the Central Commission for Discipline Inspection (CCDI) of the Communist Party of China (CPC), were also present at the occasion in the Great Hall of the People.The delegates were here to attend the fifth national congress of the national Party building society which was established in 1992.Addressing the meeting Monday, Li Yuanchao, head of the Organization Department of the CPC Central Committee, called on all the party building research staff to keep focusing on their study and be innovative in thinking about party building theory so as to strengthen party building in a more scientific way.The society revised its constitution and re-elected members of its council at Monday's meeting.
SAN FRANCISCO, May 6 (Xinhua)-- Latest research released Friday shows that Google Android has become the No.1 smartphone platform in the United States in the first quarter as more smartphone manufacturers have adopted the operating system.During the three months ending in March, Google Android grew 6. 0 percentage points to 34.7 percent market share, among the 72.5 million U.S. smartphone users, reported comScore, an Internet marketing research company.The number of smartphone users increased by 15 percent on a quarter-on-quarter basis, said the research.Research in Motion, developer of Blackberry smartphones, ranked second with 27.1 percent, a slide of 4.5 percentage points on a quarter-on-quarter basis. Apple grew 0.5 points to 25.5 percent share, followed by Microsoft (7.5 percent) and Palm (2.8 percent).According to the research, 234 million Americans age 13 and older used mobile devices in the first quarter. Samsung ranked as the top handset maker with 24.5 percent of U.S. mobile subscribers, and LG ranked second with 20.9 percent share, followed by Motorola (15.8 percent) and RIM (8.4 percent). Apple continued to gain share following the launch of the Verizon iPhone, growing by 1.1 percentage points to 7.9 percent of subscribers.On mobile content use, 68.6 percent of U.S. mobile subscribers used text messaging on their mobile device in March. Browsers were used by 38.6 percent of subscribers (up 2.2 percentage points), while downloaded applications were used by 37.3 percent (up 2.9 percentage points).Accessing of social networking sites or blogs increased 2.6 percentage points, representing 27.3 percent of mobile subscribers. Playing games comprised 25.7 percent of the mobile audience, while listening to music represented 17.9 percent, said the report.
BEIJING, Feb. 1 (Xinhua) -- Wu Bangguo, chairman of the Standing Committee of the National People's Congress of China, on Monday sent congratulatory messages to Myanmar's newly-elected upper house speaker U Khin Aung Myint and lower house speaker Thura U Shwe Mann, respectively,on their taking offices.Myanmar's house of nationalities (upper house) session on Monday elected U Khin Aung Myint, Minister of Culture, as speaker of the upper house.Also on Monday, No. 3 Myanmar state leader Thura U Shwe Mann, who is a member of the State Peace and Development Council and previously the Chief of General Staff of the army, the navy and the air force, was elected as speaker of the house of representatives by the house of representatives (lower house).