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SINGAPORE, Oct. 10 (Xinhua) -- A Singapore start-up firm has devised an innovative application to allow phone users to have access to their positioning information within buildings, where traditional global positioning system has often proved inaccurate, local daily Business Times reported on Monday.The firm YFind Positioning System feels that the application can help turn Singapore into the world's first location- intelligent city.Ting See Ho, co-founder of the firm, said the application works by first verifying the GPS coordinates to identify the building the user is in, and then collecting RSSI (received signal strength information) readings off WiFi access points within the building.The information is then sent by the phone to the central positioning server for comparison against records of the radio map of the building, which is calibrated earlier by the company.Ting said the RSSI readings continually fluctuates, making it difficult to estimate a position. This is where YFind Positioning System steps in with its patent-pending probabilistic algorithms to help accurately estimated the user's indoor positions.Once the phone application determines the location, then, it is able to map a course for a shop or other destination within the building where the user wants to go."You can think of it as creating an 'indoor GPS' environment in the buildings where satellite signals cannot be read," Ting said.He said that more than ten organizations in Singapore have approached the company to discuss deployment and partnerships and that it has begun work on three proof-of-concepts.The company's immediate goal is to make Singapore the world's first location-intelligent city before going to other cities, he said.

BEIJING, Dec. 7 (Xinhua) -- The Chinese government on Wednesday released a white paper on its foreign trade, highlighting the country's achievements in boosting foreign trade and contribution to the world economy.The white paper, titled China's Foreign Trade, was released by the Information Office of the State Council.The white paper introduces China's historic progress, international contribution and policies in foreign trade.

SAN FRANCISCO, Jan. 13 (Xinhua) -- Google seems to get no blessings for a good start for its New Year resolutions as the Internet search giant got an earful of complaints about its new social search service and felt mortified by a customer-poaching scandal in its Kenyan division.On Tuesday, Google announced "search plus your world" to deliver personalized search results by embedding its social service Google+ to its search engine.Although Google called it as "a beautiful journey begins," competitors and industry watchers said it was "a bad day for the Internet." They accused the company of using its dominant search engine to promote its own social networking site by giving Google+ pages and profiles an artificially prominent position in search results.The search giant first had a public bickering with Twitter which issued a statement on Tuesday saying that "As we've seen time and time again, news breaks first on Twitter. We're concerned that as a result of Google's changes, finding this information will be much harder for everyone."Google on Wednesday made a statement on its official Google+ page, saying that "We're a bit surprised by Twitter's comments because they chose not to renew their agreement with us last summer." The agreement, in which Twitter gave Google access to public tweets, expired last July and was not renewed.Twitter fired back by demonstrating the inefficiency of the new Google search feature. Twitter general counsel Alex Macgillivray tweeted a page of Google search results for the search term "@WWE" which did not include World Wrestling Entertainment's Twitter page, but Google+ page.Macgillivray noted that with 792,642 followers on Twitter compared with 24,900 followers on Google+, WWE's Twitter page is a more relevant social source than Google page and should be presented in Google's search results.Facebook, Google+'s major rival, has been remaining silent this week publicly while its employees criticized Google's moves in public status updates. Several prominent Facebook engineers and directors shared a tech blog about switching default search engine to Microsoft's Bing after "Google broke itself."Facebook has been working with Microsoft to allow Bing to reveal more personalized content.Industry watchers are also crying foul at the privacy and antitrust concerns raised by the new search feature. Search Engine Land, a tech blog closely following Google's news, posted several examples of how Google favors its own social networking service.Industry watchdog Electronic Privacy Information Center told the Los Angeles Times that the group is considering filing a complaint with the U.S. Federal Trade Commission (FTC). The organization once made the complaint that resulted in Google's settlement with the FTC last year that requires the Mountain View, California-based company to submit to external audits of their privacy practices every other year.On Friday, a Kenyan business directory startup Mocality said that Getting Kenyan Businesses Online, a Google-backed initiative to give small businesses free websites for one year, routinely accessed Mocality's database to obtain sales leads.The Search giant's Kenyan division called Mocality customers to pitch Google's alternative service, claiming they have had a partnership with Mocality. Mocality CEO Stefan Magdalinski said there is no such partnership.In a statement sent to the U.S. media, Google said it is " mortified" to learn that a team representing Google improperly used Mocality's data and misrepresented their relationship with the Kenyan company, noting that it "unreservedly apologized to Mocality" and is still investigating the issue.On Monday, BBC revealed that Google admitted profiting from advertisements of illegal websites selling drugs, fake passports and unauthorized tickets for the 2012 Olympics.The ads had been removed by Google after they were brought to the company's attention, but the search giant told BBC that the company "keeps any money it might make from companies advertising illegal services before such ads are removed."Meanwhile, on Thursday, Microsoft announced it has signed a patent licensing agreement with LG Electronics on the manufacturer 's devices running Google Android platform, leaving Motorola Mobility the only major Android-powered device maker that refuses to strike a deal with Microsoft.After the announcement, Microsoft's directors have been taking to Twitter to taunt Google as the two companies had a history of public back-and-forth. But so far, it appeared that Google didn't have time to needle back.

BEIJING, Dec. 16 (Xinhua) -- China issued rules for pilot programs of RMB Qualified Foreign Institutional Investors (RQFII) on Friday, formally giving a green light to investment of overseas RMB funds in mainland securities markets.The move is expected to widen the investment channel of overseas RMB funds and add new momentum to the country's bid to make the RMB an international currency.Hong Kong subsidiaries of fund management companies and securities firms can use RMB funds raised in Hong Kong to invest in mainland securities within a permitted quota, according to the rules jointly released by the China Securities Regulatory Commission (CSRC), the People's Bank of China and the State Administration of Foreign Exchange.The total investment quota of RQFII pilot programs is set at around 20 billion yuan (3.15 billion U.S. dollars), according to the rules.To control risks, qualified investors should invest no less than 80 percent of the RMB funds they raised in fixed-income securities, while investment in stocks and equity funds should account for no more than 20 percent.The CSRC will join other related departments to study the possibility of further expanding the trial program after its launch, said a CSRC official who declined to be identified.The launch of the RQFII will open another significant channel for overseas RMB funds to flow back into the country, said the CSRC official.It will also help diversify investment products for overseas RMB funds and facilitate off-shore RMB business, the official said.The RMB is not fully convertible under the capital account but China has stepped up efforts to make the currency more international over the past few years.The government has encouraged the use of the RMB in cross-border trade and investment settlement and approved foreign direct investment in overseas RMB funds obtained overseas.It also allowed Hong Kong to establish an offshore yuan market and has expanded trade settlement agreements and currency swaps to create more channels for the yuan to circulate outside the mainland.