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BEIJING, Aug. 8 (Xinhua) -- China will continue to strengthen international judicial cooperation with other countries, including the United States, a spokesperson for China's Ministry of Justice said. The unnamed spokesperson made the statement while commenting on the case of two former Bank of China (BOC) managers in southern Guangdong Province, who were convicted in a U.S. court last year of embezzlement and money laundering, the Legal Daily reported Friday. "China welcomed the verdict by the U.S. court," which sentenced Xu Chaofan and Xu Guojun, two former managers of the BOC Guangdong Kaiping Branch, and their wives, to prison terms of eight to 25 years, the spokesperson said. Xu Chaofan was sentenced to 25 years in jail and Xu Guojun to 22 years. Their wives were each sentenced to eight years in prison. All four were further sentenced to three years of supervised release and ordered to pay 482 million U.S. dollars in restitution. The four were found guilty of a racketeering conspiracy that began in 1991 and continued until October 2004. Prosecutors said the defendants laundered stolen money through Hong Kong, Canada and the U.S., including 3 million U.S. dollars deposited at several Las Vegas casinos. The case was one of the biggest of its kind since the founding of New China in 1949. It has, however, reinforced the positive development of Sino-U.S. judicial cooperation and provided experience in dealing with organized economic crime. "Fleeing suspects are doomed to be punished by law," said the spokesperson. International judicial cooperation, an effective way of fighting crime, would contribute to the crackdown on trans-national crimes, he said. Professor Huang Feng of the Beijing Normal University's Criminal Law Research Institute said Xu's sentencing in the U.S. provided "an alternative to extradition" as the two countries had not signed an extradition treaty. Fleeing suspects could still be convicted abroad, though they currently could not be repatriated, Huang said. Foreign Ministry spokesman Ma Zhaoxu said in May the two guilty couples should be repatriated or extradited to China as soon as possible.
Changchun, Sept. 1 (Xinhua) -- China's macro-economic policy would remain "consistent" and "stable" to consolidate a base for economic recovery, vice premier Li Keqiang said Tuesday. Although positive factors are accumulating and momentum apparently growing, China's economy still faces many difficulties and challenges as the international financial crisis is still not over, said Li at the opening ceremony of the 5th China Jilin Northeast Asia Investment and Trade Expo, in the northeastern city of Changchun, the capital city of Jilin Province. Chinese Vice Premier Li Keqiang addresses the opening ceremony of a High Level Forum on the Northeast Asia Economic and Trade Cooperation held in Changchun, capital of northeast China's Jilin Province, Sept. 1, 2009He said the government would continue to stimulate consumer spending, push forward economic restructuring and facilitate foreign investment to energize enterprises and maintain persistent and steady economic expansion. The revitalization of northeast China, which is known as the country's old industrial base, would play a key role in coordinating regional economic expansion and spurring domestic demand. Chinese Vice Premier Li Keqiang (2nd R, front) visits the exhibit venue after the opening ceremony of the Northeast Asia Investment and Trade Expo held in Changchun, capital of northeast China's Jilin Province, Sept. 1, 2009Northeast Asian nations are highly complementary in economic development. Strengthening economic and trade cooperation in this region would play a positive role in boosting regional development and the world economy, Li said. China is willing to enhance cooperation with countries in the region with more open and positive attitudes to realize win-win results, he said. The six-day exposition, which started on Tuesday, focuses on opportunities and challenges in coping with the global financial crisis. Chinese Vice Premier Li Keqiang (R, front) visits the exhibit venue after the opening ceremony of the Northeast Asia Investment and Trade Expo held in Changchun, capital of northeast China's Jilin Province, Sept. 1, 2009
BEIJING, Aug. 19 (Xinhua) -- Chinese top legislator Wu Bangguo met with a U.S. congress delegation led by Howard L. Berman, chairman of the House Foreign Affairs Committee, here on Wednesday. Wu, chairman of the Standing Committee of the National People's Congress (NPC), China's top legislature, spoke positively of the recent growth of the bilateral relations. Wu Bangguo (R), chairman of the Standing Committee of the National People's Congress, China's top legislature, shakes hands with U.S. House of Representatives Foreign Affairs Committee Chairman Howard Berman in Beijing, China, Aug. 19, 2009. He called on the NPC and U.S. congress to foster bilateral cooperation to a higher level with mutual trust, stressing the efforts will not only serve the fundamental interests of the two nations and two peoples, but also help maintain peace, stability and development in the world. China is ready to work with the United States, increase dialogues and exchanges, respect each other's concern and core interests to push ahead with the Sino-U.S. relations along the track of positive cooperation, Wu said. Berman said he was delighted to witness the growth momentum of bilateral ties, noting that the two nations and the two legislative bodies should work closer to intensify high level exchange. Berman also met with Chinese Vice Premier Wang Qishan earlier Wednesday. They exchanged views on the global economic downturn, and pledged to work together to help the world economy recovery at an early date.
BEIJING, Sept. 26 (Xinhua) -- Chinese farmers would see their income continue to rise this year, Vice Minister of Agriculture Chen Xiaohua said at a press conference Saturday. "As China's economy is recovering, there are more and more positive factors supporting the increase of farmers' income," said Chen. Farmers' per capita cash income in the first half of this year reached 2,733 yuan (400 U.S. dollars), up 8.1 percent year on year. But the increase rate was 2.2 percentage points slower than that in the same period last year, according to Chen. "The growth is remarkable and the statistics are pleasing. However, China is still short of a long-term mechanism for increasing farmers' income and efforts need to be made to increase the channels for farmers to earn more money," said Chen. In the past, farmers' income was mainly driven up by increased grain production or raised prices. "Now, we should push forward agricultural industrialization to let market guide grain planting and agricultural production," Chen said. Chen also stressed the importance of creating more jobs for surplus rural laborers in a bid to increase their salary income. The salary income mainly comes from the earnings from working in local or urban enterprises. The economic crisis reduced the number of Chinese migrant workers, with the current number standing around 225 million. In the second quarter this year, this number increased 2.6 percent from the first. Chen also said the government will increase fiscal support for farmers in subsidizing their purchase of seed, diesel, fertilizer and other production materials. The central government always gives priority to increasing farmers' income, he said. "Local authorities should make every effort to keep increasing farmers' income to shore up rural development and to ensure stable and rapid economic development," Chinese Vice Primer Hui Liangyu said at a rural work conference held in China's eastern city of Hangzhou from Thursday to Friday.
BEIJING, July 22 (Xinhua) -- China's top three telecommunication operators, China Telecom, China Mobile and China Unicom, invested 80 billion yuan to boost the third-generation (3G) network so far this year, the Ministry of Industry and Information Technology said Wednesday. China Mobile, the leading mobile network operator, has opened 3G service in 38 companies based on the domestically-developed TD-SCDMA 3G standard, and is expected to expand the service to 238cities by the end of this year. China Telecom has also offered 3G service using the U.S.-developed CDMA2000 standard in 342 cities, while China Unicom has expanded its network based on Europe's WCDMA standards to 100 cities. The top three operators have started trial 3G operation, which allows mobile phone users to download data faster, make video calls and watch TV shows. The ministry expected the three operators would invest 170 billion yuan (24.87 billion U.S dollars) in 3G network construction this year. China's top three telecommunication operators are expected to invest 280 billion yuan in 3G products and network construction from 2009 to 2010, said Lu Xiangdong, Vice President of China Mobile Communications Corporation here Wednesday. It is estimated that the growth of China's multimedia industry, e-commerce and cultural creative industries stimulated by the 3G technology will generate at least 2 to 3 trillion yuan of social investment, Lu said in addressing 2009 China-UK Internet Roundtable Conference Wednesday. According to China Internet Network Information Center, the country's Internet users reached 338 million by the first half of this year. Mobile Internet users rose 32.1 percent in the first half of this year to 155 million, boosted by the launch of 3G service.