The mining industry's annual report issued by Ernst & Young in Beijing on the 29th showed that the global mining and metals industry's M&A transactions increased significantly by 89% in 2010, but China's transaction volume decreased by 20% year-on-year. According to the report, in the global context, 1,123 M&A transactions occurred in the mining and metals industry in 2010, up 7% year-on-year; the transaction volume reached US$113.7 billion, an increase of 89% year-on-year. In the same period, the number of transactions in the industry in China rose by 29% to 123, of which 57 were foreign transactions, 53 were domestic transactions, and 13 were entry transactions; however, the transaction amount decreased by 20% to US$ 12.84 billion. “The decrease in China’s M&A transaction volume is mainly due to increasing competition from emerging countries such as India.†Wu Zhengxi, partner of China Overseas Investment, Ernst & Young Trading Consulting Group, said that in the 200 years, India’s M&A transactions amounted to US$ 6.626 billion, a year-on-year increase of 575 %. Wu Zhengxi said that in 2010, China’s strategic investors shifted their focus from Australia and Canada to areas with higher risks and higher returns, such as Brazil, Ecuador, and Africa. At the same time, more and more Chinese acquirers are willing to invest in exploration companies or companies that are in early stages of development to ensure long-term supply security. Paul Murphy, a partner in the Asia-Pacific mining and metals business, predicts that commodity prices in the whole year of 2011 will likely rise by 20% to 30%. China’s demand for raw materials will continue to drive offshore investment in mining and metals. wetsuits shorty,wetsuits shortie,wetsuits fullsuits,wetsuits steamer,triathlon wetsuits Dongguan JinYe Sports Apparatus Co., Ltd , https://www.yuwos.com