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JERUSALEM, Dec. 11 (Xinhua) -- Kfir Damari, a communication systems engineer, has a dream: to land a miniature spacecraft on the moon sometime in 2013.Damari is one of the founders of Team SpaceIL, a non-profit organization representing Israel in the Google Lunar X Competition. The prize: 20 million U.S. dollars to the first of the 26 international teams currently registered that lands an unmanned craft on the moon, moves it a minimum of 500 meters across the lunar surface and transmits live high-resolution images back to earth."It's a tough mission, but I believe that if everyone in Israel joins hands it's possible," Damari told Xinhua.It is exactly the kind of entrepreneurial spirit that Israel, a country largely void of natural resources, counts on to make it a global leader in technological innovation.The two other men behind the initiative are Yonatan Winetraub, 25, a systems engineer at Israel Aerospace Industries (IAI) and a graduate of NASA's International Space University, and Yariv Bash, 31, a computer scientist and electronics engineer. The three first met at an innovation conference held by IAI a year ago.They describe the lander as a nano-satellite, whose design was revealed at the project's official inauguration ceremony on Thursday. The vessel weighs 100 kg, 80 percent of which are fuel, and is outfitted with rocket boosters and a panoramic camera."It's somewhat of a cellular phone sitting on a large fuel tank. All the technology that we require is basically contained in a typical smartphone with its communication and imaging features," Damari said.Launched in 2007, the Lunar X Prize aims to encourage space enthusiasts and engineers worldwide to develop cheap technologies for robotic space exploration.The Israelis have slated a modest 15 million U.S. dollars for the endeavor, 90 percent of which must come from private contributions according to the competition's rules. They have already raised 3.5 million dollars.The fact that they have formed a non-profit NGO in itself is worthy of praise. Most other teams have obtained the patronage of private corporations for whom money is not a problem, with some reportedly allotting up to 100 million U.S. dollars.To compensate for the disparities in funding, Damari and his partners have enlisted the support of 120 local volunteers, many of them engineers holding top positions in the technological and scientific community as well as the country's leading defense industries.Rona Ramon, the widow of Israeli astronaut Ilan Ramon killed aboard the Columbia Space Shuttle in 2003, was one of the sponsors too.In a bid to keep costs down, SpaceIL is heavily relying on the existing knowledge accumulated by Israel's defense industries over the past decades in building and launching mainly small, lightweight communications and military surveillance satellites into space.The challenge, Damari said, is to take that know-how a step further. The professionals who have volunteered for the project, among them some of Israel's most revered space experts, are currently grappling with several issues, including the ignition system, optic-visual navigation, beaming imagery to earth and the intricacies of enabling the nano-satellite a smooth lunar landing.SpaceIL is still searching for a third party that they will lease to launch their vehicle into space. Once there, they will have to navigate it to the moon on their own.While 20 million U.S. dollars is a major motivator for anyone, the Israelis said they're not seeking personal gain, but rather plan to invest the prize money in the vision that originally prompted their registration in December last year: inspiring the country's younger generation to pursue engineering and the sciences and to dream big, just like Neil Armstrong did when he disembarked from the Apollo 11 and took the first step on the moon in 1969.The funds, they said, will be funneled to educational programs that seek to rejuvenate youths' interest in science disciplines, which have been on the decline in the country's high schools in recent decades."We hope to attract the next generation of kids, to enable them to be engineers and scientists and to make sure that we have more people that can build spaceships in Israel in the future," said Damari.He and the other men behind the initiative also acknowledge that their motives are no less driven by patriotism. Winning the Lunar X has the potential to create national pride and put Israel "on the map as a start-up nation" by accomplishing a feat reserved for superpowers."The moon is something you see every day. I think that for me personally, space exploration is the way to enlist the nation to do something that has not yet been done," said Damari, who started programming aged six and wrote his first computer virus aged 11."It's also about exploring new borders, going the distance. (The project) will leverage Israel's space industry. I'm sure that all the industries that will partner with us will learn a lot and develop new applications, especially for the civilian market," he said.On Thursday, Israeli President Shimon Peres, whose name has become synonymous with the nation's hi-tech industries, honored the trio by unveiling their model at the ceremony held at MABAT -- IAI's missiles and space division near Tel Aviv."More than Israel is leading technology, it is likely to lead Israel. It's the key to our economy ... If they win the prize, and I'm sure they will, it will also reward Israel with the deepest appreciation and the best deterrence," Peres told a crowd of senior executives from local defense industries."I admire your audacity and vision," he complimented the three scientists.Will they realize their ambition? Damari expressed humble optimism, "It's not easy, but certainly possible ... We believe we can win."

BEIJING, Dec. 14 (Xinhua) -- China's new yuan-denominated lending in November rose 7.8 billion yuan (1.2 billion U.S. dollars) year-on-year to 562.2 billion yuan, the People's Bank of China, the central bank (PBOC), announced Wednesday.New loans in the month were smaller compared to that in October, which stood at 586.8 billion yuan.By the end of November, the outstanding broad money supply (M2), which covers cash in circulation and all deposits, rose 12.7 percent year-on-year to 82.55 trillion yuan, according to data released by the PBOC.Meanwhile, the narrow measure of money supply (M1), which covers cash in circulation plus demand deposits, increased 7.8 percent year-on-year to 28.14 trillion yuan by the end of last month, the figures showed.New yuan deposits last month fell sharply to 324.7 billion yuan, down 262.6 billion yuan year-on-year. Outstanding yuan-denominated deposits totaled 79.51 trillion yuan as of the end of last month, up 13.1 percent year-on-year, however, the growth rate was 6.5 percentage points lower compared to the same period last year.Meanwhile, outstanding foreign currencies-denominated deposits stood at 266.8 billion U.S. dollars, up 12.9 percent year-on-year. New deposits of foreign currencies rose 4.1 billion U.S. dollars year-on-year.

VIENNA, Nov. 25 (Xinhua) -- China is to further help the least developed countries (LDCs) in their development effort through zero-tariff treatment and other measures, Yu Jianhua, China's Assistant Commerce Minister said here Friday.Addressing a LDCs Ministerial Meeting in Vienna, Yu said China will focus on six concrete measures to advance the implementation of the Programme of Action (IPoA), adopted by the Fourth United Nations Conference on LDCs in Istanbul in May.First, as announced by Chinese president Hu Jintao during the G20 summit in Cannes, China would, in the context of South-South cooperation, give zero-tariff treatment to 97 percent of the tariff items of exports to China from the LDCs that have diplomatic relations with China.Second, tilt foreign aid further to the LDCs.Third, carry out cooperation in livelihood projects in the LDCs, including hospital, school, domestic water use and clear energy.Fourth, strengthen agricultural cooperation with the LDCs, including the increase of food aid, dispatching agricultural and technical experts.Fifth, strengthen personnel education in the LDCs to build capacity for self-development.Sixth, continuously promote the establishment of economic and trade cooperation zone in the LDCs by Chinese companies.Yu said that debt crisis in some countries, turmoil in financial markets, inflation pressure in emerging countries; extreme weather and recurrent natural disasters have brought enormous harm to the economies of the LDCs.In this situation, the global community should stand united to give more supports to the LDCs, he stressed.For a long time, China has actively supported the LDCs, under the framework of the South-South Cooperation, through economic and technical aids, debt reduction and personnel training and increase of imports from these countries, he said.Meanwhile, Yu praised the unique role of the UN Industrial Development Organization (UNIDO) in implementing the IPoA, helping structural transformation in the LDCs and promoting the sustainable development.He also said that the Chinese government would continue to support the UNIDO and help the LDCs develop their economies in an all-round way.

SAN FRANCISCO, Dec. 13 (Xinhua) -- A Nokia executive has claimed that the youth of today are fed up with the iPhone and baffled by Android, U.S. media reported on Tuesday."What we see is that youth are pretty much fed up with iPhones. Everyone has the iPhone. Also, many are not happy with the complexity of Android and the lack of security," said Niels Munksgaard, director of portfolio, product marketing and sales at Nokia entertainment global, in an exclusive interview with technology news site Pocket-lint.He added that the youth today want to try something new and are turning to the Windows phone platform.Many tech bloggers and industry critics said Nokia, the once leader who is eager for a comeback in the mobile industry, should not trash-talk its competitors, noting that it should focus on breakthroughs like design, ecosystem of app developers to get back its place in the competition.Nokia has placed most of its bets on Windows phone platform as it introduced Lumia 800 and Lumia 710 in London in late October. It is also reportedly testing the 4G version of Lumia 800 in the United States.

MINSK, Oct. 11 (Xinhua) -- Chinese telecommunications firm Huawei on Tuesday showcased its latest solutions in mobile broadband at an exhibition in Belarus.Focusing on the possibilities of expanding the capacity of mobile operators' networks, the solutions propose to use fourth-generation network standards and introduce elements of intelligent network resources.The exhibition also presented the latest generation of radios, transportation equipment, and terminal solutions."Mobile traffic is constantly increasing, but profit is not growing so fast - about 20 to 30 percent," Xu Zhidong, general director of Bel Huawei Technologies, said during the opening ceremony of the exhibition."We need to provide more services. In addition, the market should be presented by more terminal devices. The decisions, which are displayed at the exposition, will not only increase the volume of Internet traffic, but also increase average profit per subscriber," he added.Lu Guicheng, China's ambassador to Belarus, said Huawei has seen a very successful development, including in the Belarussian market.Huawei, China's largest telecommunications company, which began investing in Belarus in 2003, signed an agreement with the Eastern European nation last month to set up a network technology training center in Belarus for telecommunications technology research and training.It also agreed last month to help more than 300 Belarussian companies with their information technology construction over the next four years.