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BEIJING, Oct. 28 (Xinhua) -- Access to debt finance, leading technology and lower cost gave Chinese mining and metals investors an advantage in the global mergers and acquisitions (M&A) market, accounting giant Ernst & Young said Thursday."Competition for mining and metals assets around the world has steadily increased during 2010, with the sector's total deal value as of Sept. 30 growing 87 percent over the same period last year," said Ernst & Young global mining and metals leader Mike Elliott.The firm's statistics show the total value of the world's deals in mining and metals for the year to Sept. 30 reached 78.9 billion U.S. dollars, with the number of deals growing 10 percent year-on-year to 827.For China, the value of mining and metals deals at Sept. 30 has surged 53 percent to 8.9 billion U.S. dollars. Of the 102 transactions, 49 were outbound deals, 40 domestic and 13 inbound."China's outbound M&A investment continues to be driven by the country's need to secure reliable sources of raw materials to support its rapid economic growth and urbanization plans," Ernst & Young China mining and metals leader Peter Markey said."Debt finance in particular has a strong appeal to vendors, given the lack of bank finance available to miners. Bidders able to provide not just equity but also direct or indirect access to debt are very appealing," he said.Similarly, bringing innovative Chinese technology to the deal table, together with access to equipment and supplies which lower operating costs, had proved a winning formula for some successful Chinese acquirers this year, Markey said.

ALMATY, Sept. 9 (Xinhua) -- Senior Chinese commander Chen Bingde said Thursday that China and Kazakhstan will further enhance their military cooperation to ensure regional security.During a meeting with Saken Zhasuzakov, first deputy defense minister and chief of the staff of Kazakhstan's armed forces, Chen thanked the Kazaks for their efforts to prepare the upcoming "Peace Mission 2010" anti-terror drill.Chen, chief of the General Staff of the Chinese People's Liberation Army (PLA), also thanked them for their support of the participating Chinese troops.The Sept. 9-25 anti-terror drill, the seventh of its kind under the framework of the Shanghai Cooperation Organization, is an important move to implement the consensus reached by the heads of state of SCO countries, said Chen.Chen Bingde (R), chief of the General Staff of the Chinese People's Liberation Army, meets with Saken Zhasuzakov, first deputy defense minister and chief of the staff of Kazakhstan's Armed Forces, in Almaty, Kazakhstan, Sept. 9, 2010. Chen visited Almaty on Thursday to attend the opening ceremony of the "Peace Mission - 2010" anti-terrorism military exercise, which is launched under the framework of the Shanghai Cooperation Organization in south Kazakhstan from Sept. 9 to 25.The exercise will significantly contribute to eliminating the Three Evil Forces of extremism, separatism and terrorism, promoting regional security and deepening SCO-wide cooperation, Chen said.Noting that profound changes are taking place in Central Asia, Chen said the security situation in the region concerns the core interests of both China and Kazakhstan because the former is a neighbor of the region, while the latter is a large player inside it.The Three Evil Forces are a big public hazard to the international community, especially to Central Asia, the senior Chinese commander said, adding that Beijing and Almaty, both as SCO members, play a key role in maintaining regional security.Through in-depth cooperation, the two sides have made great contributions to the common fight against the Three Evil Forces and the maintenance of regional peace, Chen said.He said that military cooperation between the two countries has been growing continuously since they established diplomatic ties 18 years ago. Remarkable achievements have been made, he said, in high-level contacts, strategic consultations, technological exchanges, border defense exchanges and personnel training.The two countries will strengthen the friendly cooperation between their militaries, strive to maintain the sound momentum of high-level military exchanges and promote exchanges and cooperation in professional fields, Chen said.Zhasuzakov, for his part, said that Kazakhstan, as the current SCO chair, will make active efforts to advance the further development of the bloc.He spoke highly of military relations between China and Kazakhstan, saying defense cooperation between the two sides has been fruitful.He also expressed gratitude to China for its support of Kazakhstan's military build-up and personnel training.The Three Evil Forces constitute a grave threat to regional security and stability, Zhasuzakov agreed, adding that his country attaches great importance to bilateral and multilateral anti-terror cooperation.Kazakhstan is ready to join China and other SCO members in making positive contributions to the battle against the Three Evil Forces, he added.Chen arrived here Thursday morning to attend the opening ceremony of the "Peace Mission 2010" exercise, which is to be staged in south Kazakhstan with the involvement of 5,000 troops from China, Kazakhstan, Kyrgyzstan, Russia and Tajikistan.

HANOI, Oct. 29 (Xinhua) -- Chinese Assistant Foreign Minister Hu Zhengyue accused Japanese representatives here Friday of violating China's sovereignty and territorial integrity through statements to the media during the summit meetings between the Association of Southeast Asian Nations (ASEAN) and its partners.The Japanese side also made untrue statements about the content of a meeting between Chinese and Japanese foreign ministers held earlier in the day, he said.Hu said the Japanese move ruined the atmosphere for leaders from the two sides to conduct talks in the Vietnamese capital.The Japanese side should take full responsibility for any consequence to arise, the Chinese diplomat said.It was known to all that China had always tried to preserve and push forward bilateral relations between China and Japan on the basis of the principles set out in the four political documents signed by the two countries, Hu said.However, the truth was that the diplomatic authority of Japan, in cahoots with other nations, tried to create noises on the issue of the Diaoyu Islands in the East China Sea in the lead-up to the summits between ASEAN and its partners. On top of that, during the summits, the Japanese side frequently made use of media outlets to make statements and comments that violated the sovereignty and territorial integrity of China, Hu said.When meeting with his Japanese counterpart, Seiji Maehara, Chinese Foreign Minister Yang Jiechi set forth China's principled position on the issue concerning the Diaoyu Islands, stressing that the Diaoyu Islands had been an integral part of Chinese territory since ancient times, Hu said.The Japanese side was making untrue statements about the content of the meeting and distorted China's stance in implementing the principled consensus between the two countries on the East China Sea issue, Hu said.

BEIJING, Oct. 15 (Xinhua) -- The value of yuan, China's currency Renminbi, strengthened for a third consecutive day against U.S. dollar Friday as the central parity rate of the yuan was set at 6.6497 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.Friday's central parity rate beat the previous record of 6.6582 on Oct. 14.The yuan has picked up its strength against the U.S. dollars and seen increased volatility in the trading days since the People's Bank of China (PBOC), the central bank, announced on June 19 this year to increase exchange rate flexibility.Based on Friday's central parity, the Chinese currency has strengthened against the U.S. dollar by about 2.65 percent from the rate of 6.8275 per U.S. dollar that was set a day before the PBOC's pledge to increase flexibility.On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate during trading each day.The PBOC released the yuan's central parity rates against a basket of currencies -- the U.S. dollar, the euro, the Japanese yen, the Hong Kong dollar, the British pound and the Malaysian Ringgit.The yuan's parity rate against the euro was set by the central bank at 9.3259 Friday, higher from 9.3491 on Oct. 14, the previous trading day.The yuan's rate against 100 yen was 8.1531 Friday, compared with 8.1611on Thursday.The yuan's rate against the British pound was 10.6305, compared with 10.6192 on the previous trading day.The central parity of RMB against the U.S. dollar is based on a weighted average of enquired prices from all market makers before the opening of the market in each business day.The central parity of RMB against the other five currencies is based on the central rate of RMB against the U.S. dollar of the same business day as well as the exchange rates of the five currencies against the U.S. dollar at 9 a.m. (0100 GMT) of the same business day in the international foreign exchange market.

BEIJING, Nov. 3 (Xinhua) -- China has revised a regulation to protect patients suffering from work-related diseases by requiring employers to submit information needed for diagnosing workers.The Legislative Affairs Office of the State Council published the draft regulation on Wednesday concerning work-related disease patient diagnosis, which is a revised version of the current one, inviting public submission.According to a statement issued along with the regulation, in determining whether a patient suffers from a work-related disease, information about work-place hazards is needed. The revision has been made to ensure a diagnosis can be performed, even if employers do not provide information or provide falsified information.According to the draft, if employers do not provide information, or patients question the authenticity of such information, patients could apply for arbitration of labor disputes and arbitration authorities should handle the case within 30 days.Further, employers will be held liable if they fail to provide relevant information within the time period designated by the arbitration authority.Public submissions will be accepted until Nov. 19 on the website, www.chinalaw.gov.cn.

来源：资阳报