China media: Reprieve for Wu Ying

22 May 2012 Last updated at 01:31 ET

Wu Ying at the initial trial in Zhejiang's Jinhua city, 16 April 2009Wu Ying's fraud case sparked nationwide debate on private financing and the death penalty

The decision to change the death sentence handed down to businesswoman Wu Ying leads the news on Tuesday, but most newspapers run identical reports.

Wu Ying was found guilty of fraud, and sentenced to death in December 2009. But after public concern, she was given a one-day retrial which resulted in a two-year reprieve, meaning she will likely serve life.

She has also been deprived of political rights for life and all her private property has been confiscated.

China Daily, Shanghai Morning Post and many others carry reports either on their front pages, or trailed on the front page.

However most papers other than the China Daily reproduce a Xinhua News Agency report.

The high court in Zhejiang province called the re-trial on Monday, says the report, which is also published in People's Daily.

In an accompanying report, a spokesman for the Zhejiang high court defended its decision not to hold an open trial, as well as not appointing new judges for the re-trial. Three corrupt officials exposed by Wu's trial have also been imprisoned, the spokesman said.

Guangzhou's Southern Metropolis Daily enhanced the standardised Xinhua report by pointing out in its headline that Wu's case had caused "turbulence" in society since it occurred five years ago.

Wu Ying was convicted of fraudulent fundraising and her case sparked heated debate across China over the issue of private financing - often seen as the only option for small and medium-sized firms.

Beijing authorised trial financial reforms in the city of Wenzhou soon after Wu Ying's original death sentence caused a national outcry.

Also receiving media attention is the release of three Chinese fishing boats by North Korea.

Citing crew members' account, China Daily and Beijing Times say the 28 fishermen - one man less than previously reported - were taken to a North Korean island, where "armed militiamen in DPRK (North Korean) uniform" took away their valuables from shoes to fuel.

Southern Metropolis Daily says the Chinese sailors were kept in the dark during a 13-day ordeal.

The sailors were also forced to sign documents saying they had been illegally fishing in North Korean water, reports say.

The Global Times says foreign media have been stirring relations between Beijing and Pyongyang over this incident, hoping to see a "break up" between the two countries, who are trading partners.

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Pentagon Report: China Leads World in Economic and Cyber Spying

For more news and videos visit ☛ english.ntdtv.com Follow us on Twitter ☛ http Add us on Facebook ☛ on.fb.me The United States Defense Department has released its annual report on China-related security issues. The report ranks China as the top source of economic and cyber espionage in the world. Here's more. Released on May 18, the US Defense Department report "Military and Security Developments Involving the People's Republic of China" notes that Chinese military spending is increasing exponentially—despite remaining significantly behind that of the United States. China's official data release of March this year showed that the 2012 military budget will reach 670 billion RMB (USD 6 billion), an 11.2% increase over 2011. This continues a two decades-long trend, in which has seen double-digit jumps in military spending nearly every year. However Pentagon officials estimate that actual military spending is far higher than reported figures, a view shared by most independent analysts. One area in which China's achievements are without equal is in the realm of cyber and economic espionage activities, where China's Communist Party-controlled spy apparatus leads the world. The Pentagon report cites China as the likely chief source of such operations worldwide, many of which are used as, quote, a "tool to collect strategic intelligence." Among the targets of cyber operations listed by the report are a number of private enterprises. The apparently China-based intelligence ...

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