China: Life sentence for Lai Changxing, one of the most powerful men in Jiang Zemin's China

The industrial tycoon was considered a protégé of former president and member of the "Shanghai clique", the power group linked to Jiang. His sentence (for corruption and embezzlement of state assets) is seen as a preparatory move for the next Party Congress, when China will change its leadership.

Beijing - The Intermediate People's Court of Xiamen today sentenced Lai Changxing, one of the richest and most influential of President Jiang Zemin's China, to life imprisonment. Lai was considered a protégé of former Communist leader and has spent the past 21 years in exile in Hong Kong and Canada. His sentence is considered by some analysts, one of the preparatory moves for the next Party Congress which in autumn will kick off the fifth generation of Chinese leaders.

Son of former Secretary General of the State Council Ji Pengfei, Lai is known for being one of the architects of China's transition from communism to state capitalism. Over a period of 20 years, he dominated the province of Fujian, industrializing the Xiamen Special Economic Zone and amassing billions of dollars. Amid recognized accusations is corruption of public officials, private violence and appropriation of public goods. In his network of contacts were Li Jizhou, Ganlu Hu, Feng Liu and Zhuang Rushun: all senior members of the party.

Lai fled from China to Hong Kong in 1991 after being disowned by his political patrons. The then Premier Zhu Rongji, after yet another scandal, said in fact that the industrial tycoon "should be shot in public more than once." In 1999 he moved to Canada, from where Beijing demanded his extradition for 12 years. The final part of his trial lasted less than three weeks.

His sentence is considered a political move by all. At the height of his power, Lai had very close relations with the then governor of Fujian, Xi Jinping, who at the next Party Congress is set to replace current president Hu Jintao. In addition, Lai was considered a protégé of the "Shanghai clique", the power group linked to former president Jiang Zemin who still retains considerable power in the state apparatus.


Source: Asia News


Spero News

Disney drops 'Good Luck Charlie'

Most popular show on television in its time-slot for youth under 15.

Conference to focus on advances for Paraguayan electronic media

An international conference on digital migration will take place in Paraguay on July 4, just as the South American country concludes an agreement with El Salvador to share electronic content.

Mexico: Food prices sky-rocket

Tomatoes are going for $5.77 per kilo in Mexico.

On Heaven and Earth: an excerpt

Cardinal Jorge Bergoglio, before his election to the papacy as Francis, conversed with Rabbi Abraham Skorka on the commonalities of Jewish and Catholic faith.

Archeologists excavate prison made famous in Count of Monte Cristo

The soil beneath Chateau d'If has never been excavated.

Ebola aid workers hacked to death in Guinea

A group from the United States, along with journalists and local Guinean officials, were chased down and hacked to death by people in Guinea. A rumor had spread that the aid workers were deliberately infecting Guineans with Ebola.

Muslim religious leader refutes Obama's reading of Islam

Imam Anjem Choudary refuted Obama by saying that the Koran teaches 'terrorizing the enemy is in fact part of Islam.' Killing innocents is okay with Choudary.

This page took 0.1328seconds to load