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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.

BEIJING, Jan. 17 (Xinhua) -- The National Committee of the Chinese People's Political Consultative Conference (CPPCC) hosted a tea party here Monday for widows of deceased political advisors and other notable figures, ahead of Spring Festival.Jia Qinglin, chairman of the CPPCC National Committee, attended the tea party, and Wang Gang, vice chairman of the CPPCC National Committee, made a speech.Jia Qinglin (C, Front), chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), attends a tea party held for the widows of deceased political advisors and other notable figures ahead of the Spring Festival in Beijing, capital of China, Jan. 17, 2011.Wang reviewed the outstanding achievements made over the past year in China's modernization and reforms. He said the memory of those old revolutionaries was especially cherished ahead of the traditional holiday.

BEIJING, Dec. 6 (Xinhua) -- Chinese credit rating firm Dagong Global Credit Rating assessed the sovereign credit rating of Ireland at BBB in its third sovereign or regional credit rating report released Monday.Dagong's credit rating of Ireland is lower than that given by Moody's, Standard and Poor's and Fitch."Dagong made its assessment based on factors such as Ireland's increasing debt level, the administrative capability of its government, economic and financial strength," Dagong Global said.Dagong Global's announcement follows the proposed 85-billion-euro bailout of debt-hit Ireland by the European Union and the International Monetary Fund.Dagong's report also rated four other nations - Finland, Uruguay, Kenya and Sudan.In terms of domestic currency-denominated debt, Finland received the firm's top AAA rating, but with a negative outlook.Uruguay was rated BB-plus while Kenya received a B rating.Sudan was rated C, the nation's first sovereign credit rating.Dagong Global uses a three-level assessment system, with each level containing three sub-levels. For example, AAA, AA and A.The rating agency published sovereign credit ratings in two earlier reports. One on July 11 rated 50 countries. The second on October 20 rated nine countries and regions.Founded in 1994, Dagong Global is a pioneer in the rating of industry, region and sovereign debt. It is also a leading credit rating firm for corporate bonds, financial bonds and structured debt.

BERLIN, Jan. 6 (Xinhua) -- Visiting Chinese Vice Premier Li Keqiang said here Thursday that China and Germany should join hands in expanding economic cooperation to achieve mutual benefits.Speaking at a dinner with German and Chinese business representatives, Li said that China has the capability and condition to maintain steady and relatively fast economic growth in the long run.But he added China is still a developing country and that it needs to make long-term and strenuous efforts to achieve its modernization goals and enable all the Chinese people to enjoy the benefits of economic and social development.On China-Germany relations, Li said that the two countries, through close cooperation and coordination, have achieved an early and robust recovery from the global financial crisis.Chinese Vice Premier Li Keqiang delivers a speech during an evening dinner with Chinese and German business people in Berlin, Germany, Jan. 6, 2011. He noted bilateral trade is expected to exceed 140 billion U.S. dollars last year, 30 times more than that of 1990.The Chinese leader said both sides should broaden fields of cooperation and set up new mechanism of collaboration.The two countries should not only deepen cooperation in traditional areas like machinery, chemical industry and automobile industry, but also explore new cooperation in new energy, new material, energy efficiency, environmental protection, low-carbon technology and green economy, Li said.He called for more two-way investment, adding that bilateral trade still has great potential for further expansion.Li also expressed the hope that Germany keeps its market open and opposes trade protectionism along with China.He said that China will take a more open attitude to the outside world, and will continue to improve investment environment, and provide a fair, stable, orderly, transparent and predictable market environment for all foreign companies in China.While stressing that both sides should expand technological cooperation, Li urged Germany to simplify visa procedures for Chinese businesspersons, and to help relax European Union (EU) restrictions on high-tech exports to China.In addition, the two sides should intensify cultural and people-to-people exchanges, laying a more solid foundation for bilateral ties, Li said.Stressing that China attaches great importance to its relations with the EU, Li said China wants to see a united and prosperous EU, and hopes to promote political mutual trust, deepen pragmatic cooperation with the bloc and push forward the Sino-EU comprehensive strategic partnership to a higher level.Li expressed confidence that Europe will overcome its current economic and fiscal difficulties, and maintain its economic stability and healthy growth.Earlier on Thursday, Li met with German Economy Minister Rainer Bruederle.The German minister pledged to advance Germany-China economic ties and invited China to be the partner country of the Hannover Fair 2012, the world's largest industrial fair.Accepting the offer, Li said that China is willing to use the platform to showcase "made-in-China" products and boost exports of Chinese manufactured goods.The Chinese vice premier arrived in Berlin earlier in the day, kicking off a four-day official visit to Germany. He is due to hold talks with German Chancellor Angela Merkel and meet President Christian Wulff and Foreign Minister Guido Westerwelle on Friday.Before arriving in Germany, Li had visited Spain. He will later travel to Britain, the last leg of his three-nation European tour.

NEW YORK, Jan. 17 (Xinhua) -- A video show about Chinese people made its debut on screens at Times Square on Monday, presenting Americans a multi-dimensional and vivid image of Chinese people.With China's traditional red as the theme color, the 60-second video was shown on six screens simultaneously at Times Square with a billboard written "Experience China" on top of the screens. The show highlights Chinese ordinary people and some important figures recognized by the international community, including Chinese pianist Lang Lang, basketball player Yao Ming and Chinese astronaut Yang Liwei, etc."The layout of the video is quite smart. I like it," Charlotte Mcguckin, 18, a high school student in New York, told Xinhua, adding that "everyone (in the video) looks happy.""Look, that's Yao Ming. I can recognize him, and also the female table tennis player standing beside him. She is very famous, " she said, pointing to the giant screen. "I learned in class that U.S. and China started diplomatic ties from playing the table tennis," she smiled.For Si Yaqin, who came to New York with her son for vacation, watching the debut of the video is a once-in-a-lifetime experience. "It's my first time to New York, first time to Times Square," she told Xinhua. "How lucky I am here to witness this moment. I feel so proud as a Chinese."The video is part of the public diplomacy campaign by the Chinese government ahead of Chinese President Hu Jintao's U.S. state visit. The video will be shown at Times Square 15 times every hour from 6 am to 2 am next day, totaling 20 hours and 300 times a day. It will last till Feb. 14 with a total of 8,400 times of show time.Meanwhile, CNN also plans to run the video from Jan. 17 to Feb. 13.