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NANNING, Oct. 19 (Xinhua) -- China and member states on the Association of Southeast Asian Nations (ASEAN) are seeking new cooperation opportunities at the 7th China-ASEAN Expo while reviewing fruitful results from more than nine months' operation of China-ASEAN free trade area (CAFTA).The 7th China-ASEAN Expo (CAEXPO) and China-ASEAN Business and Investment Summit, with the theme of free trade and new opportunities, opens Tuesday in Nanning, capital of south China's Guangxi Zhuang Autonomous Region.Buoyed by the zero-tariff framework under the CAFTA, more than 2,000 enterprises from home and abroad are taking part in the 7th CAEXPO, which has 4,600 exhibition booths. Jia Qinglin (C Front), chairman of the National Committee of the Chinese People's Political Consultative Conference, announces the opening of the 7th China-ASEAN Expo (CAEXPO) in Nanning, capital of southwest China's Guangxi Zhuang Autonomous Region, Oct. 19, 2010.Top Chinese political advisor Jia Qinglin, Indonesian Vice President Boediono, and other high-ranking officials, businessmen and scholars from China and the 10 ASEAN nations also gathered in the southern Chinese city to attend the opening of the expo and the summit.The much-anticipated CAFTA was formally launched on Jan.1, 2010. With a population of 1.9 billion and a combined gross domestic product (GDP) of 6 trillion US dollars, the CAFTA ranks as the world's third largest trade zone following North American FTA and the European FTA.From January to September, the two-way trade volume reached 211.3 billion U.S. dollars, up 44 percent year-on-year, an eye-catching growth as the world economy just saw a turnaround after the financial crisis.Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), said in a keynote speech at the opening ceremony of the summit that cementing and reinforcing the China-ASEAN strategic partnership is in the common interests of the two sides.

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, Sept. 12 (Xinhua) -- China expressed on Sunday its firm opposition to any kind of investigation by the Japanese side on the illegally detained Chinese trawler after the Japanese authorities towed the trawler for a mock collision.In a written statement, Foreign Ministry spokeswoman Jiang Yu said Japan's so-called evidence-taking activities were illegal, invalid and would finally go in vain.China demands the Japanese side to stop activities that would lead to escalation of the situation and release the Chinese fishermen and their ship immediately and unconditionally, Jiang said, stressing it was the only way to solve the problem.Early Sunday morning, the Chinese boat was towed to the sea near Ishigaki island in Okinawa Prefecture to recapture the situation when it collided with two patrol ships of Japanese Coast Guard off Diaoyu Islands in the East China Sea on Tuesday.The Chinese trawler under detention stops at the harbor of Ishigaki, Okinawa, Japan, Sept. 9, 2010. Japan Coast Guard sent the captain of the Chinese trawler which collided with Japanese patrol ships in waters off Diaoyu Islands to prosecutors in Okinawa Prefecture Thursday morning.All the 14 Chinese fishermen were on board, Xinhua has learned. They had been kept on boat off Ishigaki harbor. The staff of the Chinese Embassy in Tokyo had called on them over the past five days.No injuries were reported after the collision, but the fishing boat was then intercepted and seized by Japanese patrol ships.Japan's Coast Guard arrested the Chinese captain of the fishing boat for alleged "obstructing public duties" early Wednesday despite China's protest.Zhan Qixiong, the 41-year-old captain, was taken to a local police station on Ishigaki island after a local court granted on Friday a request by prosecutors for a 10-day detention through Sept. 19.Chinese State Councilor Dai Bingguo on Sunday told Japan to make a "wise political resolution" and immediately release the Chinese fishermen and fishing boat.Dai, who made the remarks when summoning Japanese Ambassador to China Uichiro Niwa in the wee hours, was the highest-ranking Chinese official to make a response after the fishing boat and its crew were seized Tuesday."Dai expressed solemnly (to the Japanese ambassador) the Chinese government's grave concerns and its serious and just position," said the Foreign Ministry in a statement.Dai warned Japan not to make a wrong judgment on the situation and urged it to make a "wise political resolution" and immediately release the fishermen and return the boat.Niwa said he would promptly report the Chinese position to his government, said the statement.China decided Friday night to postpone a negotiation with Japan on the East China Sea issue scheduled for mid September, after the Japanese court ruled a 10-day detention through Sept. 19 against the captain despite protests from China.Previously, Foreign Minister Yang Jiechi on Friday summoned the Japanese ambassador and demanded Japan immediately and unconditionally release the boat and all the crew, saying China's determination to defend its sovereignty over the Diaoyu Islands and the interests of the Chinese people was unswerving.Announcing the postponement of the talks on Friday night, Foreign Ministry spokeswoman Jiang Yu said the Japanese side has "ignored China's repeated solemn representations and firm opposition, and obstinately decided to put the Chinese captain under the so-called judiciary procedures."She said Japan's acts have violated the law of nations and basic international common sense, and are "ridiculous, illegal and invalid.""Japan will reap as it has sown, if it continues to act recklessly," Jiang warned.Protests of the public also emerged recently in China against the Japanese move.On Wednesday, more than 40 Chinese nationals staged a protest near the Japanese embassy in Beijing over the detention of the Chinese fishing boat.The unofficial China Federation for Defending the Diaoyu Islands organized the half-hour protest on Wednesday.Witnesses said the protesters chanted the Chinese national anthem while holding up national flags and banners, two of which read "Japan out of Diaoyu Islands" "Diaoyu Islands are China's and so is the East China Sea." Li Wen, a federation official, blasted Japan's act as aggression and demanded release of the fishing boat and crew members, and an apology and compensation from the Japanese government.If the demands were not met, the federation would organize Diaoyu Islands defenders to land on the islands during the National Day holiday, which runs through Oct. 1 to Oct. 7, Li said.

BEIJING, Sept. 7 (Xinhua) -- Chinese Premier Wen Jiabao on Tuesday called for China and the United States to work closely to make contributions to a steady recovery of global economy.The essential task of the two countries at present is to overcome difficulties and impacts brought about by the economic downturn, Wen said during a meeting with Lawrence Summers, head of U.S. President Barack Obama's National Economic Council, and Deputy National Security Adviser Tom Donilon."China and the U.S. should work together to properly deal with problems and consolidate the foundation for a better relationship in future," he said.Wen said a positive, cooperative and comprehensive China-U.S. relationship was in the fundamental interests of the two countries, and should be promoted unswervingly."Dialogue and cooperation are at the heart of Sino-U.S. relations, and the influence (of them) is unprecedented," he said.Wen proposed the two countries deepen political trust, respect the other's core interests, not interfere in the other's internal affairs and not take the other as an adversary.The U.S. officials told Wen that the Obama administration valued relations with China because the two countries share common interests and the ties will greatly influence the world's future.The United States wanted to promote high-level contacts and frank talks, deepen strategic trust and cooperation, and properly handle any problems so to improve bilateral ties, according to them.They also reaffirmed that the United States will adhere to one-China policy.

BEIJING, Sept. 14 (Xinhua) -- China on Tuesday called on Papua New Guinea to facilitate Chinese investment in the island country in southwest Pacific Ocean."We hope Papua New Guinea will provide conveniences to Chinese business investment in your country and seek common growth," Chinese Vice Premier Li Keqiang told the visiting Prime Minister of Papua New Guinea Michael Somare.Li highlighted Papua New Guinea's role as China's important trade partner and investment destination among Pacific island countries.Bilateral trade totaled about 860 million U.S. dollars in 2008, according to the Chinese Ministry of Commerce.Chinese Vice Premier Li Keqiang (R) meets with Prime Minister of Papua New Guinea Michael Somare in Beijing, capital of China, Sept. 14, 2010.Somare said his country would like to improve the investment environment, promote mutually beneficial cooperation with China and make positive efforts to advance bilateral cooperation and enhance friendship.Somare is leading a delegation to Beijing after his stop in China's port city Tianjin, where he met with Chinese Premier Wen Jiabao on the sidelines of the annual meeting of the New Champions 2010, also known as the Summer Davos.This was the second meeting between Li and Somare as Li visited Port Moresby, capital and the largest city of Papua New Guinea, last November.In their meeting in Diaoyutai Guesthouse in western Beijing later Tuesday, Li stressed the good momentum of bilateral relations in recent years, saying the two countries maintained frequent high-level exchanges and sought pragmatic cooperation in a wide range of fields.China and Papua New Guinea shared many political stances, complemented each other economically and enjoyed a huge potential for enhanced relationship, Li said.Looking to the future, Li said China would like to increase exchange of visits, expand trade and investment, explore cooperation in agriculture, forestry, fishery, energy, resources, transportation, culture, education with the island country.Li reaffirmed China's commitment to seeking stronger coordination and cooperation with Papua New Guinea on international and regional issues.Somare will conclude his China visit on Wednesday.