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NINGBO, Zhejiang, May 16 (Xinhua) -- Internet of Things (IOT) -- which refers to digital networks of physical objects -- has huge potentials but many challenges lie ahead, said scientists, entrepreneurs and government officials on Sunday.IOT has become a catchword for those at the Information and Communication Technology and Urban Development Forum held in east China's coastal Ningbo this weekend on the sidelines of the Shanghai Expo; from ministers to mayors, scientists to entrepreneurs, keynote speakers to audiences.China should accelerate the development of the IOT industry so as to create a new platform for economic growth, said Li Yizhong, Minister of Industry and Information Technology in his opening speech to the forum.The first theme forum of the Shanghai World Expo is closed in Ningbo, a coastal city of east China's Zhejiang Province, May 16, 2010. The two-day forum focusing on information and communication technologies (ICT) and urban development attracted over 600 participants including renowned scholars and entrepreneurs.Minister Li's words were echoed by Zhao Hongzhu, communist party chief of Zhejiang Province, who called for more efforts to develop such key concepts as IOT, which, in his words, "present a brilliant future for urban life."In what's called Internet of Things, networks of real-world objects are linked to the Internet and interact through web services. As more objects are embedded with sensors, giving them the ability to communicate, and networked together, the possibilities are enormous, potentially resulting in new business models, improved business processes and reduced costs and risks, according to a March 2010 report by McKinsey & Co..

BANGALORE, India, May 16 (Xinhua)-- A photo exhibition called "Charming Beijing" was held in Bangalore, the capital of southern India's Karnataka state on Sunday to observe the 60th anniversary of the establishment of diplomatic relations between China and India.Chinese Consul General in Mumbai Wang Donghua, Chairman of Legislative Council of Karnataka state Mattikatti, General Secretary of India-China Friendship Association Karnataka, Bhaskaran, and former Mayor of Bangolre and Ramachandra attended the the opening ceremony at Bangalore's largest art exhibition center Art Complex.Wang said the photo show, sponsored by the Chinese Embassy to India and the India-China Friendship Association, Karnatake, is part of the Chinese celebration activities in India to mark the 60th anniversary of China-India diplomatic relations."After establishing the diplomatic relations between India and China 60 years ago, we are able to have a friendly relation. In these years, the Chinese people were keeping very good relations with the Indian people, India became the largest partner of China in Asia, many Chinese people are visiting in Karnataka and Bangalore," said Bhaskaran.The general secretary said he believed the 21st century belonged to India and China, there is no force on the earth to stop the trend.At noon, many visitors crowded into the exhibition hall to enjoy the photoes featuring Bird's Nest, Water Cube, modern international airports, modern overpasses, the Great Wall, the Forbidden City, the Summer Palace, kite of long dragon, Hutong tour and Beijing opera.The photo exhibition in the "Silicon Valley of India" will last till May 20. The phote show was held to let more Indian know more about China's capital Beijing and to promote the mutual understanding and cooperation of the people in two counties, said the general secretary.

TASHKENT, May 22 (Xinhua) -- Chinese Foreign Minister Yang Jiechi on Saturday called for efforts to increase cooperation in regional security and economic matters among the member states of the Shanghai Cooperation Organization (SCO).Speaking at a meeting of the Council of Foreign Ministers of the SCO in the Uzbek capital of Tashkent, Yang said that uncertainty and instability have been increasing and it would still take time for the world economy to fully recover.He suggested that the SCO member states make efforts in line with the consensus reached by their heads of state to further enhance coordination of their policies and strategies on affairs of common interest. Chinese Foreign Minister Yang Jiechi attends a meeting of the foreign ministers of the Shanghai Cooperation Organization (SCO) in Tashkent, capital of Uzbekistan, May 22, 2010.The member states should boost security cooperation to safeguard reigonal stability, including stepping up the fight against extremism, separatism and terrorism, optimizing the model for cooperation in ensuring security for major international events and carrying on joint anti-terrorism exercises, Yang said.Yang also called for bettering links among the SCO member states, boosting infrastructural construction, further facilitating trade and investment and expanding cooperation in sectors such as finance, transport, energy, telecommunications and agriculture amid the economic downturn.China will try to make sure that the 10 billion U.S. dollars credit it extended to other SCO member states, a commitment made by President Hu Jintao last year at the Yekaterinburg summit, is used for the best, Yang said.Yang and his counterparts from the SCO member states exchanged views and reached consensus on important regional affairs, including Central Asia security and stability, the international role of the SCO and its links with other multilateral organizations.They signed the Joint Declaration on SCO/U.N. Secretariat Cooperation after the meeting of the Council of Foreign Ministers.The foreign ministers also met with Uzbek President Islam Karimov.

BEIJING, May 18 (Xinhua) -- China hopes that the deal Iran struck with Brazil and Turkey will help advance the process of resolving the Iran nuclear issue through dialogue and negotiations, Chinese Foreign Minister Yang Jiechi said Tuesday.Yang made the comments in telepone conversations with his Turkish and Brazilian counterparts, Ahmet Davutoglu and Celso Amorim.Yang said that China has always sticked to the "dual-track" strategy in seeking a solution to the Iran nuclear issue and China appreciates the mediation efforts made by Turkey and Brazil.China attaches importance to and welcomes the agreement the two countries signed with Iran on supplying nuclear fuel for the research reactor in Tehran, he added.Davutoglu and Amorim briefed Yang on the efforts Turkey and Brazil have made concerning the Iran nuclear issue.They stressed that the deal the two countries reached with Iran is an important and positive step, which offers a new chance for the international community to peacefully solve the Iran nuclear issue through diplomatic means.Iran signed an accord with Turkey and Brazil in Tehran on Monday under which it will ship most of its low enriched uranium to Turkey in exchange for the 20-percent uranium fuel needed for its Tehran reactor.

BEIJING, April 2 (Xinhua) -- China needs to expand the Renminbi, or yuan, cross-border settlement efforts when conditions allow, the People's Bank of China (PBOC) said Friday."It is necessary for China to seek appropriate timing to expand the cross-border yuan settlement to more cities, enterprises and overseas pilot areas," said an international financial market report released on the central bank's website Friday.But the report did not detail the conditions for appropriate timing.The foreign trade volume settled in yuan is still small compared with China's total foreign trade volume, said the report, without specifying figures.Official figures from China's General Administration of Customs showed that the country's exports in 2009 stood at 1.2 trillion U.S. dollars, down 16 percent from 2008.China's State Council, or Cabinet, announced in April 2009 a pilot program to allow exporters and importers in five cities -- Shanghai, Guangzhou, Shenzhen, Zhuhai and Dongguan -- to settle cross-border trade deals in yuan.The latter four cities are all in south China's Guangdong Province.The Bank of China (BOC), China's largest foreign exchange bank, announced on July 6 last year that its Shanghai branch had received the first cross-border yuan trade settlement deal from the BOC (Hong Kong).The government is considering enlarging the scope of cross-border yuan settlement from commodity trade into service trade, said the report.Yuan settlement was in accordance with the market demand, said Cao Honghui, a researcher with the Chinese Academy of Social Sciences, but increasing the yuan's global acceptance would be decided by factors such as the country's economic development and the financial system development.