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Chinese smartphone vendor Xiaomi Corp said it will launch at least six new smartphones and open 100 exclusive stores in India, the world's fastest-growing major smartphone market, this year.

Christensen's attorney, assistant federal defender Elisabeth Pollock, said in her closing argument: "I'm not going to make excuses or explain why" he committed his crime. "Brendt did that, on his own. It's inexcusable.

Chip designers and software producers will be exempt from corporate taxes for two years. For the following three years, their corporate taxes will be halved.

Chinese stocks plummeted on Monday, the first trading day after week-long National Day holiday, with the benchmark Shanghai Composite Index down 3.72 percent, closing at 2,716.51 points.

Chinese tourists buy souvenirs in Vladivostok, Russia. Many senior citizens see travel as realization of their long-held dreams of youth. [Photo/Agencies]