China puts 18 more Australians on trial for economic crimes

Beijing/Canberra, Mar.31 (ANI): China has said that it has zeroed in on 18 more Australians, which it put on trial for “economic crimes”, further aggravating relations with Canberra.

According to news.com.au, the Kevin Rudd Government is tracking these trials, even as it deals with the 10-year sentence imposed on former Rio Tinto mining executive Stern Hu.

So far, 18 of a total of 23 have been arrested in relation to “fraud and other economic crimes”, the Australian Department of Foreign Affairs and Trade said yesterday.

There are 17 Australians serving sentences in Chinese prisons, according to DFAT. Most were convicted of fraud or corruption.

A further two were on assault charges, one is on a charge for a car accident, one for a visa violation and one is on a drugs charge.

Hu, an Australian citizen, was sentenced to ten years in jail plus two hefty fines for bribery and industrial espionage after a three-day trial, in which the part covering claims of spying was closed to Australian observers.

China has urged Australia to “stop making irresponsible remarks” over the Hu case, saying that Canberra should respect the verdict.

Following the verdict, the Australian Government had claimed that part of the trial was held in secret and condemned the sentence as “very harsh”.

However, Chinese Foreign Ministry spokesman Qin Gang said: “We express serious concerns about some comments made by the Australian side on the Rio Tinto case.”

“The Rio Tinto case is an individual criminal case and China””s relevant judiciary department has given its verdict after the first instance trial. The Australian side should respect the verdict and stop making irresponsible remarks,” The Xinhua news agency quoted Gang, as saying.

Hu, a former executive of Rio Tinto mining group in Shanghai, was detained with three other Chinese colleagues by the Chinese government on July 5 2009. He was sentenced after he pleaded guilty on Monday.

The Australian Government has called in the Chinese Ambassador to Australia to discuss the situation, with Australian Prime Minister Kevin Rudd under pressure to intervene in the issue on a higher level.

Earlier, Australian Foreign Minister Stephen Smith had reportedly said that China had missed an opportunity to clarify its laws regarding commercial secrets. (ANI)

China and Taiwan agree to strengthen business relations

Beijing – Negotiators from Taiwan and China signed a series of agreements Sunday to increase cooperation and investment across the Taiwan Strait. Taiwan’s chief negotiator Chiang Pin-kung, chairman of the Straits Exchange Foundation, met Chen Yunlin from the mainland Association for Relations Across the Taiwan Straits in the southern city of Nanjing.

Taiwan agreed to clear the way for Chinese companies to do business on the island, the state-run news agency Xinhua reported.

“Taiwan sincerely welcomes mainland companies to invest on the island,” according to a foundation statement quoted in the report.

“The goal of economic normalization between the two sides is being realized,” Wang Yi, director of China’s State Council Taiwan Affairs Office, was quoted as saying.

The negotiators, meeting for the third time since China and Taiwan resumed talks last year, also signed three separate agreements.

The first would increase the frequency and routes of cross-strait direct flights, Xinhua reported.

There would now be a total of 270 flights per week, up from 108, and new routes from Guangzhou and Shanghai to Taipei, as well as from Hefei, Harbin, Nanchang, Guiyang, Ningbo and Jinan.

In the second agreement, the two sides reportedly pledged to work together to fight cross border crimes including drugs and human trafficking, and economic crimes involving fraud, money laundering, forging or falsifying currencies and securities.

According to Xinhua, negotiators from both sides will also now consider cases where there are discrepancies between Chinese and Taiwanese laws.

Chen and Chiang also signed an agreement for a cooperative financial regulatory mechanism aimed at overseeing banking, securities, futures and insurance sectors across the Strait.

Under this agreement, financial organizations would be allowed to do business across the straits, and a currency-clearing system will gradually be set up, the report said.

The latest agreements build on six previous joint actions since last June which first saw the establishment of weekend charter flights, and the expansion of cross-strait postal and shipping. (dpa)