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BEIJING, Oct. 15 (Xinhua) - Members from friendship associations of China and Japan on Friday voiced their hope for people-to-people exchanges to help improve strained China-Japan relations after recent disputes.The proposal was launched at a conference held in the Great Hall of the People to mark the 60th anniversary of the establishment of the Japan-China Friendship Association (JCFA), a friendly group established on Oct. 1, 1950 with the view to promoting mutual understanding and cooperation between the two peoples and promote bilateral exchanges and trade."Friendly groups should take the 60th anniversary as a new starting point to deepen friendly exchanges between the two countries, especially between the youth, and contribute to the China-Japan strategic relationship of reciprocity," said President of the China-Japan Friendship Association (CJFA) Song Jian. He also spoke highly of the contribution made by the JCFA for the development of China-Japan relations.People-to-people exchanges have always played an important role in the history of bilateral relations. It not only helped the two countries normalize ties but also improve the bilateral relations when they were strained by some issues such as the visits paid by former Japanese Prime Minister Koizumi Junichiro to the Yasukuni Shrine.Regarding the recent friction between the two countries caused by a ship collision, people-to-people exchanges were expected to play a role again.Two Japanese Coast Guard patrol ships and a Chinese trawler collided on Sept. 7 in the waters off the Diaoyu Islands. Japan's subsequent illegal detention of the Chinese trawler and crew members resulted in strong protests from the Chinese government and public. China then halted bilateral exchanges at and above provincial and ministerial levels. The crew and the boat were released after the Chinese side took some countermeasures."China and Japan are neighboring countries separated by only a thin strip of water. People of the two countries boast a 2000-year history of friendly exchanges. The good-neighboring relationship between China and Japan is not only in the fundamental interests of the two peoples, but also conducive to the peace, stability and prosperity of the region and the world at large," Song said.He added that the history of the 20th century proved that it is in the fundamental interests of the two peoples to maintain peaceful coexistence, friendship lasting for generations, reciprocal cooperation and common development."It is a long-term and hard task to promote the development of the China-Japan friendship, and it needs the efforts from both sides," Song said.For his part, JCFA's vice chairman Shoichi Ide also pledged to make efforts to deepen mutual understanding between the two countries.Japan and China are facing a new situation to further deepen the bilateral strategic relations. The JCFA will take the 60th anniversary as an opportunity to actively carry out exchange activities and promote friendship between the two countries, he said.At the gathering, 30 people from the JCFA who have made remarkable contributions for the China-Japan friendship were awarded.Officials from the Chinese People's Association for Friendship with Foreign Countries, Chinese governmental departments and the two friendly associations also attended the conference.

TAIYUAN, Sept. 16 (Xinhua) -- China will flex its muscles to boost the low-carbon economy and green industry, in a bid to help upgrade the development mode of exports, said a senior government official Thursday.Gao Hucheng, Vice Minister of Commerce, said at an energy forum in Taiyuan, capital of Shanxi Province, that China has risen to become one of the world's largest exporters, though it is not a strong exporter yet, remaining at the low end of the global value chain.China's exports leaped in recent decades, mainly dependent upon low labor costs and sales of energy and resources.Further, China needs to put more efforts into producing high-end products and improving their quality through low-carbon and green technologies to expand the share of green products in exports, he said.The global financial crisis hurt the world economy and promoted nations to look to green industry for new growth, he said, and adding strategic new industries could be "a new growth point" for China's foreign trade.China would encourage major products, technologies and services in new energy and energy-saving sectors to tap the global market and support enterprises to invest abroad, Gao said, without giving details.Further, he said there was "no land boundary" in terms of low-carbon and green technology and expected international cooperation in this field.China was opposed to protectionist measures in any form, he added.

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.

XIAMEN, Sept. 7 (Xinhua) -- China will continue to attract large influxes of foreign investment in the next few years despite uncertainties in the global economic recovery, Commerce Minister Chen Deming said Tuesday.Although uncertainties lie in the process of the global economic recovery and the development trend of the world economy would, to some extent, affect foreign investment in China, the next few years will still be a high-tide period for foreign investment inflow into the country, Chen said Tuesday at a ministerial conference at the 2nd World Investment Forum (WIF) in Xiamen City in southeast China's Fujian Province."Currently, many countries and organizations have rated China as the most appealing destination for investment, which probably would not be changed for a few years," said the minister.Foreign direct investment (FDI) this year is set to "surpass 100 billion U.S. dollars," compared to 90 billion dollars last year, an official with the ministry predicted on Sunday.During the first seven months of this year, China's FDI increased 20.65 percent year on year to 58.35 billion dollars, according to the ministry' s latest statistics.Meanwhile, some 14,459 foreign-invested companies were established in China in the first seven months, up 17.9 percent year on year.

BEIJING, Oct. 8 (Xinhua) -- The central parity rate of the yuan, China's currency Renminbi (RMB), jumped 181 basis points, or 0.27 percent, Friday to a new record high at 6.6830 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.Friday's central parity rate beat the previous record of 6.6936 on Sept. 29.The yuan has picked up its strength against the U.S. dollars and seen increased volatility in the trading days since the People's Bank of China (PBOC), the central bank, announced on June 19 this year to increase exchange rate flexibility.Based on Friday's central parity, the Chinese currency has strengthened against the U.S. dollar by 2.12 percent from the rate of 6.8275 per U.S. dollar that was set a day before the PBOC's pledge to increase flexibility.On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate during trading each day.The PBOC released the yuan's central parity rates against a basket of currencies -- the U.S. dollar, the euro, the Japanese yen, the Hong Kong dollar, the British pound and the Malaysian Ringgit.The yuan's parity rate against the euro was set by the central bank at 9.2951 Friday, higher from 9.1329 on Sept. 30, the last trading day.The yuan's rate against 100 yen was 8.1040 Friday, compared with 7.9999 on Sept. 30.The Chinese currency fell 61 basis points against the British pound with the central parity rate being set at 10.6079 from 10.6018 on the previous trading day.The central parity of RMB against the U.S. dollar is based on a weighted average of enquired prices from all market makers before the opening of the market in each business day.The central parity of RMB against the other five currencies is based on the central rate of RMB against the U.S. dollar of the same business day as well as the exchange rates of the five currencies against the U.S. dollar at 9 a.m. (0100 GMT) of the same business day in the international foreign exchange market.