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BEIJING, Feb. 17 (Xinhua) -- China's new rules for reviewing proposed mergers and acquisition (M&A) deals by foreign firms on grounds of national security would benefit both Chinese and foreign investors, a Ministry of Commerce (MOC) spokesman said Thursday.The rules will facilitate the growth of foreign-invested enterprises (FIEs) in China and improve the quality and structure of foreign direct investment (FDI) flowing into China, MOC spokesman Yao Jian said at a press conference.The move also marked an improving legal environment for the security of China's business sector along with its opening-up drive, given that M&A by FIEs will increasingly become a trend in the coming years, Yao said."The adoption of the rules in China will also increase policy transparency and improve law-based government administration," said Yao.Yao's words came after the State Council, China's Cabinet, announced last Saturday that it was establishing a panel to check whether M&A deals struck by foreign firms in the country endanger national security.The panel will review attempts by FIEs to buy or merge with domestic companies whose business pertains to national defence, agriculture, energy, resources, key infrastructure, transport systems, key technology sectors and important equipment manufacturing industries, according to a statement published on the central government's website www.gov.cn.The review will be conducted by a foreign investment security review board under the cabinet, members of which come from the National Development and Reform Commission (NDRC), the MOC and other agencies.The new regulations, which take effect in March, come at a time when China is expected to see more M&A deals struck by foreign firms.Currently, inward M&A accounts for about 3 percent of China's total FDI, a sharp contrast with the global average level of more than 70 percent, said Yao. "M&A by FIEs will become a major trend in China."China's taking in FDI through more M&A will promote industrial consolidation and restructuring, and it will also mean more efficient utilization of the existing resources, he said."As the share of M&A in the FDI will probably rise from the current 3 percent to 8 percent, 10 percent or even more, it is necessary to timely formulate China's own rules governing foreign takeovers in line with international standards," Yao said.In April 2010, the State Council said in a statement that foreign investment should be allowed to be more diversified and foreign investors encouraged to participate in the consolidation and restructuring of domestic firms via equity holdings or acquisitions.He Manqing, a researcher with the Chinese Academy of International Trade and Economic Cooperation of the MOC, said "It is right and proper to impose regulations and requirements on proposed M&A deals in the sectors of strategic importance and those involving national security.""The introduction of the regulations conforms to the new trend in China's receiving of FDI and indicates that China's regulations on FDI are becoming more mature," said He.The NDRC said Wednesday that national security scrutiny would only occur when foreign companies take a majority stake in a domestic M&A deal, meaning that a minority stake purchase will not trigger a review."The new rules draw references from similar rules in the United States, Germany and Canada," the NDRC said in a statement on its website.The NDRC also said that the new regulations were in line with World Trade Organization rules and did not imply that China had changed its policies on opening up and attracting FDI.China's FDI jumped 23.4 percent in January to 10.03 billion U.S. dollars, said Yao. The monthly growth rate was up from December's 15.6 percent.As the world's top investment destination, China received a total of 105.74 billion U.S dollars in FDI in 2010, up 17.4 percent year on year, the MOC said last month.

LOS ANGELES, May 2 (Xinhua) -- An asteroid will fly past Earth this fall at a close approach that will allow a close-up view of one of Earth's good-sized space rocks, NASA's Jet Propulsion Laboratory (JPL) announced on Monday."On November 8, asteroid 2005 YU55 will fly past Earth and at its closest approach point will be about 325,000 kilometers away," said Don Yeomans, manager of NASA's Near-Earth Object Program Office at the JPL in Pasadena, Los Angeles."This asteroid is about 400 meters wide -- the largest space rock we have identified that will come this close until 2028."Despite the relative proximity and size, "YU55 poses no threat of an Earth collision over, at the very least, the next 100 years, " Yeomans said in a press release."During its closest approach, its gravitational effect on the Earth will be so miniscule as to be immeasurable. It will not affect the tides or anything else.""While near-Earth objects of this size have flown within a lunar distance in the past, we did not have the foreknowledge and technology to take advantage of the opportunity," said Barbara Wilson, a scientist at JPL. "When it flies past, it should be a great opportunity for science instruments on the ground to get a good look.""The best resolution of the radar images was 7.5 meters per pixel," said JPL radar astronomer Lance Benner. "When 2005 YU55 returns this fall, we intend to image it at 4-meter resolution with our recently upgraded equipment at the Deep Space Network at Goldstone, California. Plus, the asteroid will be seven times closer. We're expecting some very detailed radar images."Asteroid 2005 YU55 was discovered in December 2005 by Robert McMillan, head of the NASA-funded Spacewatch Program at the University of Arizona, Tucson. The space rock has been in astronomers' crosshairs before.In April 2010, Mike Nolan and colleagues at the Arecibo Observatory in Puerto Rico generated some ghostly images of 2005 YU55 when the asteroid was about 2.3 million kilometers from Earth.

ABU DHABI, Feb. 10 (Xinhua) -- China is willing to deepen friendship, broaden cooperation, and enhance coordination with the United Arab Emirates (UAE) in international and regional affairs, visiting Chinese Foreign Minister Yang Jiechi said Thursday.During a meeting with Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al Nahyan, Yang said China and the UAE have witnessed in recent years rapid development in their bilateral ties, with closer high-level contacts, increasingly strengthened mutual political trust, fruitful cooperation in such areas as trade and economy, and broadened cultural exchanges.China has praised the UAE's support in Xinjiang-related and human rights issues, he added.For his part, Sheikh Mohammed said the UAE-China relations are currently at an important period of in-depth development and faced with good opportunities.The UAE attaches great importance to its relations with China and hopes to cement the traditional friendship between the two countries and develop pragmatic cooperation in various fields, he added.Sheikh Mohammed said the UAE expects that China will continue to play a positive role in international and regional affairs.Earlier in the day, Yang also met with his UAE counterpart Sheikh Abdullah bin Zayed Al Nahyan. Both sides reached broad consensus after exchanging views on bilateral ties and regional issues of common concern.The Chinese foreign minister arrived in the UAE capital of Abu Dhabi late Wednesday for an official visit to the Gulf nation.

XICHANG, Sichuan, April 10 (Xinhua) -- China early Sunday morning successfully launched its eighth orbiter which will form part of its indigenous satellite-navigation and -positioning network.A Long March-3A carrier rocket carrying the "Beidou," or Compass, navigation satellite took off at 4:47 a.m. Sunday from the Xichang Satellite Launch Center in southwest China's Sichuan Province.It will join seven other satellites already in orbit to form a network which will eventually consist of more than 30 satellites.The launching of the satellite marks the establishment of a basic system for the navigation and positioning network, said an unidentified spokesperson for the Xichang Satellite Launch Center.China will launch more satellites within the coming two years to finish a regional network to provide navigation services with high precision and credibility for industries and sectors such as mapping, fishery, transportation, meteorology and telecommunication, in the Asia-Pacific regions, the spokesperson said.The network is scheduled to be able to provide global services by 2020.

CANBERRA, May 10 (Xinhua) -- Technology may have a harmful effect on children's development and creativity, Australia's report found on Tuesday.The Pilot Pen Australia Creativity Report found that children could be depending too much on technology such as computers.Written by psychologist Kimberley O'Brien, the report suggested that students are becoming scared of handwritten tasks as there is no spelling or grammar check tool to pick up their mistakes as they go along."Children who develop this kind of dependency on computer software are less likely to write using a pen and paper given that they will feel a vulnerability to failure," the report said.It said using software that immediately tells children to correct errors like spelling and grammar could disrupts their thought patterns and stunts their ideas, and children who hand write are able to produce almost twice as many ideas as those using computer technology to write a creative story.The report studied 300 Year five and six children, and found handwritten essays were completed significantly faster and contained a higher standard of sentence structure, grammar, punctuation, cohesion, ideas development and organization than those completed using keyboards.A further study found students in Years two, four and six produced up to twice as many ideas writing on pen and paper as those on computers.O'Brien said the results were due to computers putting extra pressure on writers to edit as they go rather than get their ideas down first and edit minor mistakes later.O'Brien said children were most likely to develop their handwriting skills between the ages of eight and 10, and she urged all teachers and parents to ensure their children met community standards for legible handwriting.However, she said that computers are a good support tool, and they should not replace handwriting entirely.

来源：资阳报