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JERUSALEM, Nov. 7 (Xinhua) -- Israeli President Shimon Peres on Sunday met here with Zhang Gaoli, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and Party chief of China's Tianjin municipality. Zhang, heading a CPC delegation, extended greetings from Chinese President Hu Jintao to Peres.China and Israel have seen steady development of relations and frequent high-level exchanges since the establishment of their diplomatic ties 18 years ago, Zhang said, adding that the two countries have carried out extensive economic, cultural, scientific and technological cooperation.China appreciates Israel's adherence to the one-China policy, Zhang said. Zhang Gaoli (4th R, Back), a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and chief of the CPC Tianjin Municipal Committee, attends the signing ceremony for business and trade cooperation projects between Tianjin China and Israel, in Jerusalem, Nov. 7, 2010.Strengthening and further developing Sino-Israeli friendly relations serves the fundamental interests of Chinese and Israeli peoples, as well as peace and prosperity in the Middle East, he stressed.Zhang said China is willing to deepen practical cooperation with Israel in various fields, and to promote the exchanges between political parties, governments, legislatures and the two peoples.The Israeli president asked Zhang to convey warm greetings to his Chinese counterpart.Peres is impressed by China's coordinated development in economy, society and culture, saying that the world has seen China 's promising future through her unprecedented achievements.Noting that the CPC has led the Chinese people in the endeavor to eliminate poverty, Peres said that China adheres to the path of peaceful development, and contributes to the world peace and stability.Israel is looking forward to bolstering the communication and cooperation with China in fields like science, technology, culture, education and particularly renewable energy, while consolidating traditional friendship with China. By doing so, Peres added, the two countries will join hands to enhance the bilateral relations to a new level.Later in the day, Zhang unveiled the "Jews in Tianjin" photo exhibition together with Isaac Herzog, Israel's minister of welfare and social services, and attended a signing ceremony for projects of Israel, Tianjing economic and trade cooperation with Minister of Science and Technology Daniel Hershkowitz.

BEIJING, Oct. 29 (Xinhua) -- China Merchants Bank said Friday its profit rose 57.4 percent to 20.59 billion yuan (3.07 billion U.S. dollars) in the first three quarters from one year earlier.The jump in net profit was mainly due to higher interest income, the bank said in its business report filed with the Shanghai Stock Exchange.Also, total assets of the mid-sized lender had expanded to 2.36 trillion yuan by the end of September, up 14.10 percent from the end of 2009.Additionally, the bank's non-performing loan ratio was 0.64 percent, down 0.18 percentage points from the beginning of this year.Shares of the bank were down 2.41 percent at 14.57 yuan in Shanghai and down 1.13 percent at 21.95 HK dollars in Hong Kong Friday.

BEIJING, Oct. 13 (Xinhua) -- China's safety record has improved in the first nine months of 2010 with fewer accidents and deaths compared with one year ago, Luo Lin, director of the State Administration of Work Safety (SAWS), said Wednesday.From January to September this year, China reported 16,091 fewer accidents, or a decline of 5.8 percent over the previous year, while deaths caused by accidents were down by 5,869 in the same period, Luo said during a a national video conference regarding the country's work safety record.While Luo did not provide the actual figures of accidents or deaths caused during this period, he said: "Though we have made new progress in work safety, the total number of accidents is still too high and the accidents with heavy casualties and caused by illegal production activities were rising dramatically."According to SAWS, China's work safety death ratio per 100 million yuan (14.9 million U.S. dollars) of gross domestic product (GDP) was down 18.6 percent year on year to 0.21 during the January-September period. In other words, every 10 billion yuan of China's GDP will cause 21 deaths in the process of production.In addition, the death ratio per million tonne of coal output dropped 13.3 percent to 0.78 in the same period.According to the last figures released by SAWS in July, workplace accidents had killed 33,876 people in the first half of this year.

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, Aug. 30 (Xinhua) -- China and the United States Monday underscored their close economic relationship and called for its healthy growth."China and the United States share very close economic ties," Chinese Vice Premier Wang Qishan told a U.S. delegation led by two Missouri senators - Christopher Bond and Claire McCaskill.Wang said bilateral cooperation in trade, economy, investment and finance generate substantial benefits for both peoples."Both sides should work together to create a sound environment for a positive, cooperative and comprehensive China-U.S. relationship in the 21st century," Wang said.Bond and McCaskill echoed Wang's comments, calling on the two countries to oppose trade protectionism.On global economy, Wang said the recovery of the global economy would be bumpy."All countries are confronted with the common challenge of seeking robust, sustainable and balanced economic growth."Wang also said the Chinese government would "make efforts to strike a balance between maintaining steady and fast economic growth with the restructuring of the economy and the curbing of inflation."The two senators are leading a delegation of nearly 20 leaders from a variety of Missouri businesses, trade unions and universities.During their stay in Beijing, the delegation will meet with officials from the commerce, foreign affairs, civil aviation and agriculture departments.They will also travel to Shanghai on east China's seaboard, where they will call on local officials and tour the ongoing World Expo.