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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, Dec. 8 (Xinhua) -- China's Ministry of Finance said here Wednesday that it will sell a batch of 30-year long-term book-entry treasury bonds this week at a yield of 4.23 percent.The bonds, with a total face value of 28 billion yuan (about 4.2 billion U.S. dollars), will be sold over five days starting Thursday, said the ministry in a statement on its website.The bonds are the 40th batch of the kind to be sold by the ministry this year, and will be the fifth batch of 30-year T-bonds the ministry has sold this year.The bonds will become tradable on Dec. 15 through the national inter-bank bond market and over the counter at designated commercial banks. Interest will be paid every half year.

QINGDAO, Nov. 20 (Xinhua) -- Taiwan-based EVA Airways Corp. Saturday launched a weekly direct flight service linking southern Taiwan's Kaohsiung City and Qingdao City in eastern Shandong Province.The service will operate on Saturdays. It is the first direct service between the two cities.The flight will increase the number of direct flights between Qingdao and Taiwan to 20 per week, according to Qingdao Airport.Thanks to increased people-to-people exchange between Taiwan and the mainland, Qingdao Airport's passenger traffic to and from Taiwan this year reached 145,495 on Nov. 15, a 55 percent year-on-year increase.

BEIJING, Nov. 11 (Xinhua) - Chinese Vice Premier Li Keqiang said that China will firmly embrace green and low-carbon development ideals and step up efforts in saving resources and protecting the ecological environment.China will strive to transform its economic growth model in a bid to build an energy-saving and environmentally-friendly society, Li said Wednesday at the annual meeting of the Council for International Cooperation on Environment and Development.He said China will promote development of the emerging industries of strategic importance, hi-tech industries and modern service industries, conduct technological innovation on traditional industries and continue efforts in eliminating backward production capacities to maintain a sustainable development.Chinese Vice Premier Li Keqiang (C), also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and head of China Council for International Cooperation on Environment and Development (CCICED), attends the opening ceremony of the 2010 Annual General Meeting of the CCICED in Beijing, capital of China, Nov. 10, 2010. Further, China will ramp up its efforts in sewage treatment and building clean energy facilities, and concentrate on solving prominent environmental problems that affects people's lives, Li said.He also urged protecting the nation' s major ecological conservation areas and facilitating biological diversity.Facing the climate change challenges, the international community should actively work together on the basis of the U.N. Framework Convention on Climate Change and the Kyoto Protocol and under the principle of "common but differentiated responsibilities", and strive for a successful Cancun conference, Li said.

BEIJING, Nov. 11 (Xinhua) - Chinese Vice Premier Li Keqiang said that China will firmly embrace green and low-carbon development ideals and step up efforts in saving resources and protecting the ecological environment.China will strive to transform its economic growth model in a bid to build an energy-saving and environmentally-friendly society, Li said Wednesday at the annual meeting of the Council for International Cooperation on Environment and Development.He said China will promote development of the emerging industries of strategic importance, hi-tech industries and modern service industries, conduct technological innovation on traditional industries and continue efforts in eliminating backward production capacities to maintain a sustainable development.Chinese Vice Premier Li Keqiang (C), also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and head of China Council for International Cooperation on Environment and Development (CCICED), attends the opening ceremony of the 2010 Annual General Meeting of the CCICED in Beijing, capital of China, Nov. 10, 2010. Further, China will ramp up its efforts in sewage treatment and building clean energy facilities, and concentrate on solving prominent environmental problems that affects people's lives, Li said.He also urged protecting the nation' s major ecological conservation areas and facilitating biological diversity.Facing the climate change challenges, the international community should actively work together on the basis of the U.N. Framework Convention on Climate Change and the Kyoto Protocol and under the principle of "common but differentiated responsibilities", and strive for a successful Cancun conference, Li said.