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SHANGHAI, Jan. 11 (Xinhua) -- The listed arm of China's biggest train maker, China South Locomotive and Rolling Stock Industry (Group) Corporation (CSR), has been allowed by regulatory authorities to raise 9 billion yuan (1.41 billion U.S. dollars) on the stock market, the company said Wednesday.The Hong Kong- and Shanghai- listed CSR Corp. Ltd. will sell 1.96 billion shares at 4.46 yuan apiece to select investors, it said. But CSR's parent -- state-owned CSR Group -- has agreed to buy no less than 6 billion yuan's worth of the shares, leaving the rest to institutional investors.CSR's net profit growth in the third quarter of 2011 plunged to 9.66 percent year-on-year from a high of 85.08 percent in the first half of 2011 as the country put the brakes on development of the railway sector after a deadly bullet train crash on July 23 that killed 40 people and injured 210 others.The decision to slow the development of high-speed rail lines has led to halts in construction of about 90 percent of ongoing railway projects, or 10,000 km of rail lines across the country, local media reported earlier.CSR is the maker of the bullet trains involved in last July's deadly collision. After the accident, the company's executives bought a combined 540,000 share in August, a move seen as an attempt to bolster battered stock prices.Analysts say the fundraising would help CSR greatly ease its financial burdens. The company earlier pledged to maintain profit growth and its dividend policy to boost investors' confidence.

DUBAI, Oct. 9 (Xinhua) -- While many fairs in crisis-ridden Middle East struggle to attract sponsors and exhibitors, the Gulf Information and Technology Exhibition, or GITEX, which opened Sunday, has a different challenge: a lack of space due to the huge number of participants and professional visitors.The largest information and communication technology (ICT) trade fair in the Middle East occupied the entire 14 halls of the Dubai International Convention and Exhibition Centre in the heart of the sheikhdom. Some 3,500 exhibitors from 57 countries and regions display the latest cry of modern PC office and mobile technology, hard- and software and all kinds of related accessories. Over 130,000 visitors are expected to visit the ICT congress.Kazakhstan, Latvia, Malta, and Morocco participate for the first time. Besides, well-known giant brands such as Huawei, Intel, Microsoft or Blackberry, hundreds of small and medium enterprises participate this year."We are exhibiting for the second time here. It is worth coming, " said Dr. Andrej Vckovski, CEO of Swiss enterprise software producer netcetera from Zurich. "We already won a contract from the Health Authority in Abu Dhabi and we plan to expand to Qatar."The annual ICT spending in the Gulf Arab region alone is expected to grow by 15 percent and to reach 180 billion U.S. dollars in 2014.While e-users still have to wait for Windows 8 from Microsoft, Huawei Technologies demonstrates its latest Cloud Computing solutions. Cloud Computing describes the process where many firms share the same server simply through software, instead of running expensive independent servers at their premises.The fair has also a lot of firsts on its agenda. Nokia launches the N9 mobile phone in the region for the first time. Research in Motion or RIM from Canada shows its new Bold 9900 Blackberry smart phone. Panasonic showcases its planned solar-energy run community for 3,000 citizens in Fujisawa near Tokyo."We plan to finish construction and launch this full-fledged Green Community in 2018, when Panasonic will celebrate its 100 years anniversary," said Muneo Yamamoto, Technical Manager Systems Solutions at Panasonic.Symantec launches Endpoint Protection 12, Cloud Security software. "Security is currently the top priority for organizations across the Middle East," explained Bulent Teksoz, Chief Security Strategist for Emerging Markets at Symantec.According to the NASDAQ-listed software provider, 76 percent of United Arab Emirates residents have fallen victim to Cyber Crime in 2010, and Saudi Arabia remains the most spammed country in the world, with a spam rate of 84 percent, albeit global spam is decreasing.A parallel Gitex conference hosts leading experts from the ICT industry for presentations and discussions around the latest trends and challenges. For retail consumers, the Gitex Shopper Fair at the Dubai Airport Expo offers everything from laser printers to iPads, from Smart Phones to CD. Due to the discount sellers offer at the Gitex Shopper, the consumer fair is a popular hub for bargain hunters.

BEIJING, Nov. 9 (Xinhua) -- A Chinese Mars orbiter named Yinghuo-1 was successfully launched on Wednesday morning from Russian-leased Baikonur cosmodrome in Kazakhstan, China's authorities said. The orbiter was launched by a Zenit-2 booster rocket at 4:16 a.m. Beijing time Wednesday (2016 GMT Tuesday), hitching a ride on Russia's Phobos-Grunt (Phobos-Soil) craft, an unmanned probe on Phobos, a moon of Mars, said China's State Administration for Sciences, Technology, and Industry for National Defence.

BEIJING, Jan. 6 (Xinhua) -- China's railways will carry 235 million passengers during the 40-day Spring Festival travel rush, up 6.1 percent year-on-year, the Ministry of Railways said Friday.A daily average of 5.88 million people will make trains trips from Jan. 8 to Feb. 16, the ministry said in a statement on its website.Economic hubs such as Beijing, Guangzhou, Shanghai and Hangzhou and the inland provinces of Sichuan, Hubei, Jiangxi, Anhui and Hunan will see the most activity during the period, as millions of rural migrant workers and students head home for family reunions, according to the statement.The ministry has arranged for extra trains in anticipation of the rush, the statement said, but added that "the conflict remains between passenger demand and railway capacity."Railway authorities have long been under pressure to increase capacity and improve ticketing services, as many citizens find it extremely hard to secure a single ticket during major holidays.The ministry has begun allowing customers to book their tickets online or by phone to ease the ordeal of buying tickets. However, website glitches and the huge demand have rendered the new ways ineffective to many ticket buyers.The Spring Festival, or the Chinese Lunar New Year, falls on Jan. 23.

ZHENGZHOU, Oct. 21 (Xinhua) -- A leading Chinese producer for quick-frozen snacks Thursday apologized for the production and sale of bacteria-contaminated dumplings and said that a recall was underway.A spokeswoman from Zhengzhou Sinian Food Co., Ltd. said they had confirmed the contamination of staphylococcus aureus, or golden staph, in its quick-frozen seafood and pork-stuffed dumplings.The company had started the recall and destruction of the contaminated products, said Lin Xiaohong, a marketing executive of the company, adding that an investigation into the source of the contamination was underway.The statement came after authorities in Beijing announced they had detected golden staph from one batch of dumpling products by the Henan-based company. The bacteria can cause various diseases, including pneumonia and sepsis, and is strictly banned in food procession.