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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.

GUANGZHOU, Oct. 12 (Xinhua) -- Chinese President Hu Jintao lit the Asian Games torch from a specially designed cauldron in Beijing's Temple of Heaven Tuesday morning, marking the official start of the month-long relay for the 16th Asian Games.The torch relay will cover Beijing, Harbin, Changchun, Shandong's Haiyang, and 21 cities in southern Guangdong Province before arriving at the Asian Games opening ceremony in Guangzhou on November 12.Guangzhou, capital city of Guangdong, has been preparing itself for the games for the past six years, after it won the bid to host the Games in July 2004.The construction of the venues and the Asian Games Village has been completed. The Asian Games Village, covering 622,000 square meters, will house more than 40,000 athletes, officials, media personnel and volunteers.The garden-style village boasts a treasure trove of ancient Chinese architecture and tranquil natural sceneries, which are meant to provide the athletes with a serene getaway from the hustle and bustle of the competitions."The rooms for the athletes are not equipped with telephones, TV sets or cooking facilities, so the athletes can enjoy a quieter and safer environment," said Fan Haoran, a staff member in charge of housing services in the Village.To ensure the safety of the Games, more than 100 security checkpoints have been set up at highway toll stations and ferry terminals in the provinces of Guangdong, Fujian, Jiangxi, Hunan, Hainan and Guangxi Zhuang Autonomous Region.The public security divisions at all levels nationwide will be involved in a series of safety measures, such as increasing efforts to investigate and handle legal disputes, cracking down on violent crimes, and monitoring public security, according to the public security bureau of Guangzhou Municipality.Guangzhou Public Security Bureau has distributed security awareness pamphlets to bus and car drivers, introducing them to measures designed to prevent and cope with crimes and terrorist attacks, said Zhu Xuqin, an official at the Guangzhou Public Security Bureau.The Special Force of Chinese People's Armed Police Forces of Guangdong Province has already undergone a strict 100-day counter-terrorism attack training program."We have been studying the security incidents that took place in the Munich Olympics and the Atlanta Olympics, and have discussed ways to cope with emergencies as well as acquainted ourselves with the sports venues," said Li Hejun, a general of the special force.As for the accusations about the safety hazards of Guangzhou's subway Line Three which were posted online by a local engineer, Guangzhou Metro Corporation announced Tuesday that Line Three was safe enough, despite the fact that the compressed strength of the concrete in some parts of the line was below the planned standards.As an integral part of the preparation for the Asian Games, the local government of Guangzhou has been building additional sports infrastructure for the public.Currently, Guangzhou has more than 20,000 sports venues and facilities and 9,000 green spaces for morning and evening exercises."We want to make the Asian Games a holiday for all. The best way to approach sports is to make it a way of life," Zeng Weiyu, vice president of the department of publicity of the Guangzhou Asian Games Committee, said.

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, Nov. 1 (Xinhua) -- China launched an association on Monday to evaluate the quality of the nation's higher education."The association, as a non-government organization, is designed to evaluate and supervise the quality of higher education," said Lin Huiqing, an official with the Ministry of Education, at the launching ceremony held in Beijing.The association is composed of over 200 educational institutions as members, including the Higher Education Evaluation Center of the Ministry of Education, Shanghai Educational Evaluation Institute, Peking University, Beijing Normal University, and others.China's higher education has been blamed for a decline in quality since 1999 when the government started to expand college enrollment."Therefore, we should establish a nation-wide network to evaluate the teaching methods, development of each discipline and curriculum designs of each school," Lin said.According to Ji Ping, a senior official in charge of the evaluation of educational quality with the Ministry of Education, China started to implement higher education quality evaluations in the 1980s, and decided to carry out evaluation once every five years since 2003."It is time for us to start a new round of higher education evaluations," Ji said, noting that the priority of China's higher education is to improve its quality."We have required the local schools to make regular evaluations themselves, and invite experts to carry out independent assessments," Ji said.

BEIJING, Oct. 31 (Xinhua) -- People's Daily, the official newspaper of the Communist Party of China, said in an editorial that the Shanghai World Expo provided the world with an opportunity to weigh the future at a time when mankind is faced with serious challenges.The editorial, to be carried by the newspaper on Monday, bid farewell to the the 184-day Expo which lowered the curtain on Sunday.The editorial reads, industrial civilization is a double-edged sword, enriching modern lives and bringing challenges at the same time, such as environmental degradation and rapid urbanization, and the Shanghai World Expo made people stop and think about the future.The Shanghai Expo made history, registering over 73 million visitors and 246 participating countries, regions and international organizations, the editorial says.The editorial reads, the Shanghai World Expo is the first exhibition whose theme focused on the city. Though the expo is ending, people's hopes and expectations, pinned on cities, will endure, as will the efforts the international community makes in reaching common ground in a diversified world amidst the concept of sustainable and low-carbon development.

来源：资阳报