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NANJING, Dec. 31 (Xinhua) -- A court in east China's Jiangsu Province sentenced a man to death and another to life in prison Friday for illegally raising up to 4 billion yuan (606 million U.S. dollars) in a fraudulent investment scheme.Another 11 suspects were given jail terms ranging from two-and-a-half to 10 years for collusion in the fraud, which caused losses of 650 million yuan (98 million dollars) to 14,822 investors, the Intermediate People's Court in the provincial capital, Nanjing, said in a statement.According to the statement, Sun Haiyu and Hu Zhen jointly set up a company, Nanjing Runzai Biology Co., Ltd. in January 2004 and began soliciting investments from the public in the name of planting glossy ganoderma, or reishi mushrooms, which are widely used in traditional Chinese medicine.The judge said the company exaggerated its profits in planting glossy ganoderma and fraudulently claimed that the investment was risk free.The duo, together with 11 accomplices, raised more than 4 billion yuan from April 2004 to July 2008.Sun was sentenced to death for the crime of illegal fund-raising by fraudulent means, while Hu was sentenced to life imprisonment.

BERLIN, Jan. 7 (Xinhua) -- Visiting Chinese Vice Premier Li Keqiang met with German President Christian Wulff on Friday to upgrade relations between the two countries.Li said China-Germany relations have been achieving new progress in recent years, particular last year when bilateral trade is expected to exceed 140 billion U.S. dollars, about one third of the total trade volume between China and the European Union (EU).Noting that China always views its ties with Germany from a long-term strategic point of view, Li said that his visit is aimed at further advancing the bilateral relations, which will face new opportunities in the new year.Chinese Vice Premier Li Keqiang (L) meets with German President Christian Wulff in Berlin, Germany, Jan. 7, 2011.The two sides should deepen cooperation in traditional areas, expand the scale of mutual investment and create sound environment for fair competition for enterprises, Li added.With Germany as China's largest source of technology in Europe, he said that it is beneficial for both countries and the world to see a combination of the German technology and the enormous Chinese market.Li said relations between Beijing and Berlin are of global significance, and that better coordination between China and Germany on important international and regional issues will also bring development and prosperity to the world.The German President said that his country attaches great importance to and admire China's development, which is viewed by Germany as an opportunity rather than a threat.He agreed that the two countries should strive for a closer strategic partnership based on mutual trust.Both China and Germany are playing important roles on issues like maintaining world peace, countering terrorism and improving international financial and monetary systems, Wulff said, adding that Germany is willing to strengthen cooperation with China on the world stage such as in the G20 (Group of 20 major economies).The German President also stressed the importance of cultural and educational exchanges between the two countries and said that the two sides should also strengthen cooperation in technology and innovation.Wulff said he is glad to hear that China has agreed to be the partner country of the Hanover Fair 2012, the world's biggest industrial fair. He said the trade fair will offer an opportunity for China to showcase its development, especially its clean energy technologies.Li responded that there is great potential for Sino-German cooperation in areas such as clean energy, adding that China wants to learn from Germany's advanced technology and management expertise and join hands with Germany to develop the new energy markets.China wants to use the opportunity of the Hanover Fair to strengthen high-tech cooperation with Germany, he added.

BEIJING, Nov. 13 (Xinhua) -- A senior Chinese leader has urged authorities in southwest China's Chongqing municipality to step up their efforts to promote social harmony and increase investment to improve the people's standards of living.Zhou Yongkang, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks during an inspection of the city from Thursday to Saturday.Zhou called on local authorities to seize development opportunities while working for coordinated development between urban and rural areas. Zhou Yongkang (C), a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and secretary of the Political and Legislative Affairs Committee of the CPC Central Committee, visits 70-year-old Jiang Xiaoming (L) and his family members in the Shahe Sub-district of the Wanzhou District of Chongqing, southwest China, Nov. 11, 2010. Zhou Yongkang has made an inspection tour in Chongqing.When visiting a local court, Zhou urged judicial staff members to pay more attention to details and offer quality and convenient service to the public.Additionally, Zhou spoke highly of police and judicial staff's contributions in cracking down on gangs and organized crime.

BEIJING, Nov. 25 (Xinhua) -- China on Thursday again called on the relevant parties to make joint efforts to safeguard peace and stability of the Korean Peninsula.Foreign Ministry spokesman Hong Lei made the remarks at a regular press briefing.The Republic of Korea (ROK) and the Democratic People's Republic of Korea (DPRK) exchanged artillery fire Tuesday in waters off the west coast of the Korean Peninsula, leaving four people dead.Hong initially expressed China's stance Wednesday with regard to the exchange of fire between the ROK and the DPRK.On Thursday, Hong again called on parties involved to stay calm and exercise restraint, and urged the ROK and DPRK to engage in dialogue and refrain from similar actions.China has always maintained that the relevant parties resolve disputes through negotiations and by peaceful means and be committed to safeguarding peace and stability in the Korean Peninsula, Hong said.China opposed any acts that harmed the peace and stability of the Korean Peninsula, he went on."It is very urgent and important to restart the six-party talks at the current stage," Hong said, adding China had maintained close contact with all the parties involved, including the United States.He said China hoped parties involved could make concerted efforts to properly handle their concerns through talks and consultation within the framework of the six-party talks, which involved China, the DPRK, the United States, the ROK, Russia and Japan.China would like to make concerted efforts with all parties to help ease tension, seek peace and stability in the Korean Peninsula, Hong said.With respect to the planned joint military drill between the United States and the ROK in waters off the west coast of the Korean Peninsula from Nov.28 to Dec. 1, Hong said China was concerned."China holds a consistent and clear stance on the issue," Hong said without elaborating.

GENEVA, Nov. 30 (Xinhua) -- It is time for the Doha Development Round to begin to center around the Chair-led multilateral process and to come up with a revised text, Sun Zhenyu, the Chinese ambassador to the World Trade Organization (WTO), said on Tuesday at a WTO Trade Negotiation Committee meeting."Time is not with us," Sun said, stressing the need to "plan wisely" in the year ahead to seize the window of opportunity in 2011, which is recognized by both G20 and APEC leaders in early November.Sun commended progress generated from the "Cocktail Approach," which is made up of small-group informal discussions and brainstorming among the ambassadors, carried out throughout the last few months.The brainstorming "paves way for possible progress in quite a few areas such as development, rules and dispute settlement," the Chinese ambassador said."But after all, the brainstorming is not and could not replace negotiating sessions," he added, calling for intensified engagements to deliver the revised texts at the earliest time."One of the major achievements of the G20 Summit in Seoul is that leaders reaffirmed their strong commitment to the DDA and directed us as negotiators to engage in across-the-board negotiations to promptly bring the Doha Development Round to a conclusion," the Chinese ambassador said."Across-the-board trade-offs could have a better chance when we have the texts on the table," Sun noted.He also reiterated the stance on honoring the leaders' instructions through "respecting the mandate" and "building on the progress already achieved," in order to achieve a balanced and ambitious outcome.In his speech, Sun gave priority to development as the top outcome of the Doha Round."Above everything, it has to be development-oriented," he said, giving a clear message that China is in favor of addressing the concerns of the Least Developed Countries (LDCs) and Small Vulnerable Economies (SVEs) as a priority.