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Companies of modest size such as Hainan Rubber are expected to make up the majority of new IPOs coming to the market in 2011, said Zhang Ying, an analyst at Industrial Securities in Shanghai.According to the report, Hainan Rubber said its IPO proceeds will be spent on expanding its rubber production, upgrading technology and supplementing working capital.The company has not yet set its listing date, saying it will list as soon as possible following the final pricing, the report said.According to the report, global IPOs have hit a record this year with companies expected to have raised more than $300 billion in IPO proceeds, said advisory firm Ernst & Young.Chinese issuers made up over 46 percent of global IPOs in terms of IPO proceeds, raising $117.9 billion in 442 deals for the first 11 months of 2010, the firm said.Users of the Internet calling and messaging service will be able to use both Wi-Fi and AT&T Inc.'s 3G cellular network. FaceTime software, which comes with iPhones, works only with Wi-Fi.The app, which is being released Thursday through Apple Inc's iTunes Store, will let iPhone 4 and iPhone 3GS users make free video calls to other Skype users who are using the app or have access to the feature using Skype on their computer or other video phone.Those with the latest iPod Touch will be able to make video calls over Wi-Fi. The app allows the iPad and previous-generation iPod Touch to receive video calls, too, Skype said.Skype's software offers free services such as voice or video calls to other Skype users.Users pay to do things such as make calls from a PC to a landline or cell phone.In the first half of 2010, video calls made up 40 percent of all minutes spent using Skype's free calling services, the company said.

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Premier Wen Jiabao on Sunday also assured the people that the government will adopt effective measures to curb inflation and control housing prices."The recent rise in housing prices across the country has actually made life even harder for people with low and medium incomes," Wen said. "But we are fully able to keep prices at a reasonable level with a series of measures."He also said the government will work to increase the supply of affordable housing and strictly control speculation in property.The country will start to build 10 million units of government-subsidized property in 2011, nearly double this year's 5.8 million units, Wen said.Housing prices will be back to reasonable levels as a result of these efforts, the premier said.The consumer price index (CPI), a main gauge to measure inflation, rose to a 28-month high of 5.1 percent year-on-year in November, according to figures from the National Bureau of Statistics.Food price rises contributed to 74 percent of the CPI growth for the month.In a bid to control inflation, the government has increased the bank reserve requirement ratio six times and lifted interest rates twice this year.Moreover, authorities have introduced a package of measures including cutting fees for transportation of agricultural products and intensifying the crackdown on food price speculation.According to Myyouse.com, a Chinese website specializing in nonferrous metals information, the copper supply is adequate in the spot market with prices ranging from 67,850 yuan to 68,050 yuan per ton, which is considered a high-risk range by industry insiders, the newspaper said.Guo Lixin, the website's analyst, told the newspaper the domestic copper market has shown weak signs for almost half a month mainly because of the market's cautious wait-and-see attitude. The higher the risk is, the less the procurement will be, he said.Analysis showed that the high copper price may be triggered by the copper exchange trade fund, or ETFs, that opened trading on Dec 10. A large stock of copper ETFs may lead to short supply in the spot market, according to the news report. The detainees were arrested in the northwestern town of Sardasht in West Azarbaijan province, an unnamed source was quoted as saying."These people were identified a month ago and were subsequently detained by an order by judicial authorities," the source said according to the report.In the past Iran reported the arrest of hundreds of al-Qaida members who tried to cross the country.Seven members of al-Qaida have been arrested by Iran's security forces in western part of the country along the border with Iraq, the local English language satellite Press TV reported Thursday.China Hainan Rubber Industry priced its Shanghai initial public offering (IPO) at the top end of an indicative range, raising $709 million in what could be a harbinger of a steady deal flow next year in China, the world's top market for IPOs, Reuters reported Thursday.Hainan Rubber, a leading Chinese rubber producer based in the southern island province of Hainan, set the offer price for its IPO at 5.99 yuan (90 cents) a share, said the report, citing a statement published on Thursday.