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Edition: U.S. Article Comments (4) Slideshow Save Email Print Reprints Most Popular Most Shared Democrats face dubious voters on healthcare 1:50am EDT FACTBOX-US healthcare bill would provide immediate benefits 19 Mar 2010 House approves sweeping healthcare overhaul | Video 3:04am EDT Rio employees China trial opens, guilty plea reported 3:21am EDT UPDATE 2-Venezuela punishes 80 firms for power use 21 Mar 2010 FACTBOX-US healthcare bill would provide immediate benefits 19 Mar 2010 House approves sweeping healthcare overhaul | Video 3:04am EDT House backs Obama's bid to revamp student loans 21 Mar 2010 UPDATE 2-Argentine budget gives moderate economic outlook 16 Sep 2009 Impotence plus heart disease ups death risk: study 15 Mar 2010 Healthcare Reform Democrats face dubious voters on healthcare Democrats in Congress who passed historic legislation to revamp the healthcare system face a new challenge over the next seven months: convincing voters it's a good deal. Full Article Poll: Do you agree with the healthcare reform vote? What does healthcare passage mean for Obama? How does healthcare overhaul affect Medicare? Details of final healthcare bill Milestones in Obama's quest for healthcare reform Rio employees China trial opens, guilty plea reported Lucy Hornby SHANGHAI Mon Mar 22, 2010 3:21am EDT Related News Q+A: What is China's Rio trial about? 2:32am EDT < 1 / 4 > View Full Size SHANGHAI (Reuters) - Four employees of mining giant Rio Tinto stood trial in China on Monday, while the company's chief executive said in Beijing that Rio remained committed to working with the key Asian customer. World | China Australian national Stern Hu and three Chinese employees of Rio faced prosecutors in the court in Shanghai, China's financial hub, all accused of taking bribes and violating commercial secrets. Hu pleaded guilty to taking bribes worth some 6 million yuan ($879,000), Bloomberg reported, citing Tao Wuping, the lawyer for another defendant. The case has highlighted the risks of doing business in a country with a huge market but close ties between the ruling Communist Party, police and courts. While the trial got underway in a concrete building near an elevated highway in Shanghai, Rio chief executive Tom Albanese signaled to an audience in the Chinese capital that he did not want to jeopardize business ties with China, the world's biggest consumer of iron ore. "This issue is obviously of great concern to us," Albanese told a forum of officials and executives, referring to the case. "I can only say we respectfully await the outcome of the Chinese legal process," he told the forum, held in an exclusive state guesthouse. Albanese said "we remain committed to strengthening our relationship with China, not just because you are our biggest customer, but because we see long-term business advantages for both of us." Foreign reporters were not allowed to attend the forum, and Rio emailed copies of Albanese's speech. A Chinese webcast of it did not include his comments on the trial. The four employees from Rio's iron ore team, including Hu, were detained last summer at the height of fraught negotiations over 2009 ore prices, creating a furor over China's opaque state secrets laws. Chinese media last summer accused the four of seeking information about Chinese mines and steel mills, which many firms consider legitimate market information. Rio has said that its employees did nothing wrong. Shanghai is likely to want the case over quickly, before its much ballyhooed 2010 World Expo opens in Shanghai in May. Foreign reporters were not allowed to attend the trial. China has excluded Australian diplomats from observing the part of the trial concerning commercial secrets, drawing protests from Canberra, which says they have the right to be present for the whole trial, scheduled to last three days. Before entering the court, Australia's Consul-General in Shanghai, Tom Connor, told a crush of reporters he would make a statement after the day's proceedings. WARNING TO AUSTRALIA A Chinese researcher in a think-tank run by the nation's Ministry of Commerce said there was a strong case against the Rio employees and warned Australia to keep a distance. "The Australian government and public need to calmly and rationally consider this question: should the government waste such a large amount of political and financial resources to pay the bill for certain companies' immature and even illegal ways?" the researcher, Mei Xinyu, wrote in the Chinese-language Shanghai Securities News. "What Rio Tinto and Stern Hu did would be utterly taboo in any host country," wrote Mei. The trial opened on the same day that, according to one Chinese news report, Internet giant Google may announce whether it will pull out of China over its complaints about censorship and hacking. Mindful of the international attention paid to the Rio case, China has stuck strictly to its own legal deadlines for moving the case from police to the court system. (Additional reporting by Tom Miles and David Stanway in Beijing; Writing by Chris Buckley; Editing by Ken Wills and Jerry Norton) World China Comments See All Comments (4) | Post Comment Mar 21, 2010 11:58pm EDT What Shanghai 2010 Expo???? Crosswind Report As Abusive Mar 21, 2010 11:59pm EDT “The Australian government and public need to calmly and rationally consider this question: should the government waste such a large amount of political and financial resources to pay the bill for certain companies’ immature and even illegal ways?” The hypocrisy has almost reached uncontrollable levels. Thankfully, it’s now available for all to see. Mei Xinyu, how about you think for yourself and graduate the 10th grade? orange1231 Report As Abusive Mar 22, 2010 12:41am EDT It is no secret that the chinese government discrminates against foreign businesses. It is also no secret that much of the chinese population is xenophobic. As someone who has been living in China for over 6 years, this case, along with the google case, is making me afraid to live in this country. China is really no place for someone who wants to run a business. If this case ends in a conviction, foreign businesses should rethink their investment strategies. I have already done so. blahhhhhh Report As Abusive Mar 22, 2010 12:49am EDT @Blahhhhhh It is no secret that you receive your many 5 cents with ur hard work on reuters LOL Report As Abusive See All Comments (4) Add a Comment More from Reuters Democrats face dubious voters Democrats in Congress who passed historic legislation to revamp the healthcare system face a new challenge: convincing voters it's a good deal. Full Article | Video Poll: Do you agree with the healthcare reform vote? What does healthcare passage mean for Obama? How does healthcare overhaul affect Medicare? Healthcare reform Dirty money and Afghan war As the war in Afghanistan enters its ninth year, the U.S. has finally realized the best way to stop the conflict is to cut the flow of drug money, columnist Bernd Debusmann writes. Commentary Afghanistan A new stab at conquering pain Millions of people worldwide suffer chronic pain that can last weeks, months or years but relief may be on the way. Full Article Pharmaceuticals © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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