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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.

BEIJING, Oct. 26 (Xinhua) -- China and Azerbaijan agreed to strengthen military cooperation during a meeting of senior military officials in Beijing Tuesday.China and Azerbaijan enjoyed long-time friendship, and China attached great importance to the bilateral relations, said Chen Bingde, Chief of the General Staff of the People's Liberation Army (PLA) of China.Hailing the sound military relations and satisfactory results in cooperation, Chen said China was active to develop military-to-military cooperation and exchanges with Azerbaijan.Safar Abiyev, Azerbaijan's Defense Minister, told Chen his country attached importance to the friendly cooperation with Chinese military and thanked China's support to their military building.

NANJING, Oct. 31 (Xinhua) -- United Nations Secretary-General Ban Ki-moon on Sunday urged China to keep moving down the path of sustainable development and put greater emphasis on social equity and environmental sustainability.Addressing students of Nanjing University in east China's Jiangsu Province, Ban said as the world's most populous country with the fastest growing economy, China has become the world's largest manufacturer and exporter but also the greatest emitter of greenhouse gases."Seven of the world's 10 most-polluted cities are in China. Your environmental footprint is growing daily," Ban said, adding that fortunately China is beginning to fight the side-effects of prosperity -- climate change and environmental degradation -- besides poverty.The UN chief noted that many of these development problems were raised during discussions as Chinese leaders recently met to draw the 12th Five-Year Plan for economic and social development of the country from 2010 to 2015.Ban applauded the Chinese government's goal of leading the country into an all-around Xiaokang society, or well-off society, by 2020 and said making Xiaokang a reality will, perhaps, ultimately become China's "great export -- its gift to humankind.""You already have a concept for it... Let China be the country to show the way ahead. Let China show the world how to live comfortably, in harmony with the environment while leaving none of its citizens behind," Ban said."China is serious about sustainable development. We all need to get serious about sustainable development," he added.On the UN Framework Convention on Climate Change (UNFCCC) talks, Ban said he is pleased to see progress in adaptation, technological cooperation and steps to reduce deforestation, but he has concerns over the slow progress in setting mitigation targets, monitoring, verification and the future of the Kyoto Protocol.The UN chief called on all governments to work together in a spirit of compromise and common sense in pushing forward UNFCCC progress during the Cancun meeting in December.Ban was in Nanjing for a short visit after attending the Summit Forum held on the closing day of the Shanghai World Expo. He received an Honorary Doctorate in Laws from Nanjing University.Ban began his China visit on Saturday and is expected to leave on Wednesday.

YUZHOU, Henan, Oct. 18 (Xinhua) -- The death toll from a coal mine gas leak in central China's Henan Province has risen to 32 after six more bodies were found, rescuers said Monday.Some 300 rescuers are still racing against the time to search the five miners remaining trapped despite slim chances of survival as they were feared buried in coal dust.More than 2,500 tonnes of coal dust smothered the pit after the gas leak, which hampered the rescue, said Du Bo, deputy chief of the rescue headquarters.The rescue efforts, however, are speeding up after the underground transport, power and ventilation systems have been restored, said Du.The gas outburst happened at 6:03 a.m. Saturday when 276 miners were working underground in the mine in Yuzhou City. A total of 239 workers escaped but 21 were found dead and 16 were trapped.An initial investigation showed that 173,500 cubic meters of gas leaked out in the accident.The mine is owned by Pingyu Coal & Electric Co. Ltd., a company jointly established by four investors, including Zhong Ping Energy Chemical Group and China Power Investment Corp..

来源：资阳报