News & Reports 2012-05-26

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In This EditionEgypt's Muslim Brotherhood 1 claims lead in presidential polls.
The latest round of talks between Iran and P5+1 wrap up without any major headway being made.
China looks at increasing its financial and technological 2 investments in protecting river basins.
And 48 year-old Wang Shu becomes the first Chinese architect to win the Pritzker Prize in the 32 years since its inception 3.
Hot Issue ReportsEgypt's Muslim Brotherhood Member Says its Candidate Leads in Presidential PollsEgypt's Muslim Brotherhood claims its candidate has drawn 4 the most support in the first round of presidential votes.
Its candidate Mohamed Morsi has garnered 5 around 30 percent of the vote, while former Mubarak prime minister Ahmed Shafiq has come in 2nd with 22-percent support.
Brotherhood official Isam AlAryan says it is ready for talks with knocked-out presidential candidates on issues including coalition 6 government and Vice 7 President position.
"Our candidate Dr. Mohamad Mursi has started discussions with a number of the nationalistic presidential candidates and heads of parties and national figures. We called them and they also took the initiative and called us in order to complete our first goal. "If the preliminary results are right, Mohamed Morsi and Ahmed Shafiq will face off against one another in the next round of voting scheduled for the middle of next month.
Vote counting in Egypt is being overseen 8 by judges and international observers.
Egypt's Presidential Elections Commission is expected to make the final announcement on Tuesday.
Iran and Six World Powers Wrap up Nuclear TalksThe latest round of talks between Iran and P5+1 have wrapped up in Baghdad without any major headway being made.
A new session is now being planned for Moscow next month.
European Union foreign policy chief Catherine Ashton.
"It is clear that we both want to make progress, and that there is some common ground. However, significant differences remain. Nonetheless, we do agree on the need for further discussion to expand that common ground."Saeed Jalili is Iran's top nuclear negotiator.
"The result of the talks was that we were able to get more familiar with each other's views."It's being reported that the US has been moving away from its demands for an immediate 9 and complete halt to Iran's ability to make nuclear fuel.
The Baghdad talks did include an incentive 10 package for Iran that would see it stop its high-level uranium enrichment in exchange for the easing of sanctions.
Chinese Government Propose to Control River Basin Water EnvironmentThe Chinese central government is now looking at increasing its financial and technological investments in protecting river basins.
China's environmental protection minister Zhao Hualin says protecting this country's drinking water sources needs to be one of the main priorities.
"In the period of the Twelfth Five-year Plan, the pressure of China's economic and social development on the water environmental protection will continue to increase. The problem of long-term accumulation of heavy metals is appearing."Chinese government is planning to have the quality of the urban water supplies standardized 11 across the country by 2020.
Securities Rules Issued by Top CourtChina's Supreme 12 People's Court has released new judicial 13 interpretations 15 to help define criminal conduct involving market manipulation and illegal trading.
CRI's Wang Xiao has more.
China's top court has released new guidelines for judges trying criminal cases involving insider trading and leaks of secret economic data, aiming to better protect the securities market.
To Chinese stockholders, the announcement is good news.
"It's good to release detailed 16 rules to regulate securities business.""If someone violates the regulations to leak secret information, they must be punished severely 18, because it's unfair for ordinary people to lose their hard-earned money due to insider trading.""I hope the government will put more emphasis in regulating capital markets."China's securities market has long been plagued by manipulation and "rat trading". Some brokers 19 and high-level managers at financial institutions use inside information acquired on the job, reaping illicit 20 gains and affecting share prices.
In the past five years, Chinese judges have tried 22 cases of insider trading and data leaks, and the number of such cases is increasing every year.
Qiu Baochang, a lawyer in Beijing, says that insider trading is becoming increasingly detrimental 21, systemized, and more difficult to fight, as more advanced information technology has made the collection of evidence a tougher job.
"Although there are many clues that lead to insider trading, only a small number of the cases are tried due to a lack of maneuverability. For instance it is difficult to discover who the insiders are and what behaviors are considered illegal. Courts and government departments may have different definitions. Finally, the judicial interpretation 14 has given a clear definition."The judicial interpretation specifically defines the abnormal conditions of insider trading, which makes it easier for regulators to collect evidence. It also points out that red flags should be raised if the timing 22 of transactions is consistent with insider information.
Though widely welcomed by the public, some economic experts point out that the new legal guidance doesn't involve civil compensation.
Professor Han Fuling at the Central University of Finance and Economics in Beijing gives his opinion.
"Civil compensation is hard to apply in these cases, because if one person is liable for insider trading, normally, he can not afford the millions of yuan in financial losses. And if the company where the insider works is liable, it may not actually be involved in the illegal activity. Therefore, the company shouldn't pay the compensation."The judicial explanations on insider trading are the first of its kind. Experts say further specifications 23 are needed in order to solve disputed legal issues regarding securities and futures 24 related crimes.
For CRI, I'm Wang Xiao.
Eduardo Saverin's MillionsWith Facebook's recent IPO netting the company some 16-billion dollars, questions about what the players involved are going to do with the money they've made are now being asked.
CRI's Zhou Jingnan now on what Facebook co-founder Eduardo Saverin is planning.
Eduardo Saverin's public profile was raised significantly following the release of the Hollywood blockbuster "The Social Network."However, his profile is even larger now, thanks to Facebook's IPO.
Despite holding only 5% of Facebook's shares, Eduardo Saverin is now estimated to be worth over 2 billion US dollars.
Speaking at the CHINICT conference here in Beijing, he looked back to the years when Facebook was first established, and says he never imagined it would be so successful.
"You could have never imagined this, really meaning at the time when we were college students and we were just building a product for ourselves. So never would have imagined that a product built for ourselves for our own personal use would have become one ubiquitous, right? Through time now all demographics, all ages, all languages all countries, or religions, everyone is using it, and that's humbling 25. That's never to have been expected."In recent years, Saverin has invested in a couple of companies, including the 2010 TechCrunch Disrupt Award winner Qwiki, a search engine that presents curated results in a multimedia 26 format 17.
Saverin says he has strict criteria 27 he follows before making an investment.
"So the first thing to me is really about the idea that it's a game changer, but the second and the most important is the team and it's about passion. I'm not investing today, you know I don't have outsider investors 28 or limited partners, it's my own money, and really for sort of my life I want to be working with people that are truly passionate 29 about what they are doing and the idea of what they are going for is huge."Saverin says he's now looking at Asia as an investment platform.
"Right now, I'm actually living out here in Asia, I moved to Singapore about three years ago, and one of the reasons is that I find this market quite exciting and I'm here learning about the market. So one of the markets of interest is east Asia, if you look at the growth of the internet and mobile phone, it's huge, in terms of the market share."Saverin provided the initial start-up capital for Facebook in its infancy 30 through money he made through trades on the commodities market.
For CRI, this is Zhou Jingnan.
Pritzker Architecture Prize Awarded to Chinese Architect Wang Shu]48 year-old Wang Shu has become the first Chinese architect to win the Pritzker Prize in the 32 years since its inception. An award ceremony was held in Beijing on Friday. Zhang Ru has more.
With the rapid urbanization of China, debate is always focused on whether architecture should be anchored in tradition or look toward the future.
Lord Palumbo, chairman of the jury of the Pritzker Architecture Prize said that Wang Shu has answered this question through his architecture.
"The jury saw the emergence 31 for the first time of authentic 32, contemporary Chinese architecture of great quality. They combined all sorts of things: the new and old, modern and traditional, past and future, all these questions were beautifully combined in his work."Wang Shu said he is glad that the prize has raised the Chinese public's awareness 33 of the relationship between architecture and community needs.
"What I am practicing is in contrast to the huge, shining, modern, iconic and powerful architecture located in the center of our cities. I am striving for something that is close to the grass-roots, to the rights of common people, and is related to Chinese people's traditions and daily lives. My architecture are not shining, and sometimes even looks crude. It is quite different from the mainstream 34 architecture in China and I think it will continue raising debates and discussions."Wang Shu's work stood out from the works of this year's nearly 20 candidates. His most famous design is the Ningbo History Museum in east China's Zhejiang Province, which was built in 2008 using recycled bricks from older buildings.
Wang has also designed apartment complexes, a satellite campus for Hangzhou's China Academy of Art and a tea pavilion for the Shanghai Expo in 2010.
For 30 years the Pritzker Architecture Prize has been presented in 14 countries and this is the first time the event has come to China.
Thomas J. Pritzker, chairman of the Hyatt Foundation, which is the prize sponsor, said they decided 35 to hold the event in Beijing before the jury selected Wang as this year's laureate.
"In view of the remarkable 36 growth of China over the last decades and over the following several decade, the opportunity for architecture to flourish is no where more present than in China. So the idea of furthering our mission and making people more aware of the importance of architecture in China and to China's successful development are very consistent with our mission."The prize has been awarded to many noted 37 architects including Chinese-American I.M Pei and Jorn Utzon, the Danish architect of the Sydney Opera House.
For CRI, I am Zhang Ru.
Foreign Diplomats 38 Visit CPC Publicity 39 DepartmentThe Publicity Department of the CPC's Central Committee has opened its doors to foreign diplomats for the first time in its history.
CRI's Liu Yan has moreMore than 50 diplomats have visited the department's Theory Bureau, the Publicity and Education Bureau, as well as the Information Bureau.
During the visit, they learned about the promotion 40 of Marxism and the theoretical focuses in China.
They also had a chance to look through the newspapers and magazines published in China over the past decades.
Murat S. Esenli, the Turkish ambassador to China, says the presentation has been very helpful for him to understand how the department works.
"The presentation emphasized organizational structure, the main aims, the specific sections within the larger structure, and the kind of work being done by giving specific examples. I think it was altogether very helpful for me to understand how this arrangement works and how it relates to the larger picture,"Dr. Bheki W.J. Langa is South Africa's ambassador to China.
"I think this is an excellent idea to expose the diplomatic community to the organs of the CPC and the various departments. I've visited the Party school several times in Shanghai and in Beijing. We've had a number of delegations 41 from the ruling Party of South Africa coming here for training programs at the CPC Party school. So this is a very good exercise and the South African Communist Party has also been visiting China and participating in some of the programs. As an ambassador, I welcome this development."The CPC's Publicity Department was established 91 years ago when the party was founded in Shanghai. In the latter half of this year, the CPC will hold its 18th National Congress.
For CRI, this is Liu Yan.
China Going GreenDespite the current slowdown of the Chinese economy, the central authorities are still moving forward with their plans to try to green-up this country's energy sector 42.
The Ministry 43 of Finance says it expects to spend close to 100 billion yuan this year in the clean energy sector.
But at the same time, a new report from the Economist 44 Intelligence Unit notes that coal consumption here in China is expected to rise significantly as well.
For more on the EIU's analysis, we spoke 45 earlier with Martin Adams with the Economist Intelligence Unit.
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Some non-locals, those who don't hold permanent residency, are complaining that the policy is obviously discriminatory, especially toward those who cannot afford such a big apartment.
One such man, Liang Yongbo, says his son cannot be enrolled 48 at the Huangqi Central Kindergarten because he has an apartment of only 79 square meters.
The kindergarten says the policy is based on another regulation that says non-locals must purchase an apartment of at least 80 square meters before their children are eligible for free education in the city.
The local education authorities say the new policy may be applied 49 at all the 83 kindergartens in the city if it proves to be good.
They also claim that the new policy actually gives non-locals a fair chance of enrolling 50 because otherwise, non-local children might not have any chance to get in. There is not even enough room for local children.
The MetroA Romanian news reporter was left red faced after he was caught faking a sand storm live on TV after turning up too late to capture the real thing.
The bungling 51 reporter has become a national laughing stock in Romania after convincing an assistant to stand just outside the camera shot and kick sand towards his direction.
He was caught out however when a cheeky, or shockingly bad, cameraman let those watching at home in on the secret.
The reporter, from the Realitatea news channel, was attempting to recreate the earlier stormy conditions for his live weather report from the country's Black Sea coast.
Before being found out, the presenter 52 had told viewers: 'The wind blows with incredible power, there are moments when it is impossible to stand up here.
'The wind blows the sand at over 60km per hour. It blew away the beach umbrellas and the tourists had to leave in a hurry.'
The Romanian TV station has denied the claims however, saying: 'The report was not doctored in any way. It was a bad joke made by the cameraman.'
TelegraphScientists are a step closer to developing a contraceptive pill for men, after identifying a new gene 53 critical in the production of healthy sperm 54.
Researchers have found the gene, Katnal 1, controls the final stages of sperm development and could result in temporary infertility 55 if blocked.
The discovery could lead to the development of medicine to interrupt the production of fertile sperm without causing permanent damage.
The study, at the Centre for Reproductive Health at the University of Edinburgh, is thought to make the production of a contraceptive pill for men more likely in the near future.
Dr Lee Smith, from the university, said if the gene was blocked, the testes would continue to produce sperm, only releasing immature 56, ineffective sperm which had not developed into the final stages.
He says scientists could potentially develop a non-hormonal contraceptive and the effects of such a drug would be reversible.
The research, funded by the Medical Research Council, was based on altering the genetic 57 code of mice to discover mutations which led to infertility.
Market UpdateU.S. stocks ended lower on Friday as investors avoided taking risky 58 moves before the long weekend amid European uncertainties 59.
The Dow Jones industrial average fell 0.6 percent to 12,455. The Standard & Poor's 500 lost 0.2 percent to 1,318. The Nasdaq Composite Index edged down 0.1 percent to 2,838.
In Europe, London's FTSE 100 gained 0.03 percent to 5352. Frankfurt's DAX was up 0.4 percent to 6340. CAC 40 in Paris rose 0.3 percent to 3048.