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What will be the impact of Li Jianping's execution on foreign investment sentiment towards China by mid-2025?
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China Executes Former Inner Mongolia Official in Record $421 Million Corruption Case
Dec 17, 2024, 07:23 AM
China on Tuesday executed Li Jianping, a former official in the north Inner Mongolia Autonomous Region, after convicting him of corruption, bribery, misappropriation of public funds, and collusion with a criminal syndicate. Li, who was the former secretary of the ruling Communist Party working committee of the Hohhot economic and technological development zone, was found guilty of embezzling a staggering three billion yuan (over $421 million) in illegal gains, marking the largest sum involved in a single corruption case in China's history. The death sentence was initially issued in September 2022 and upheld on appeal in August 2024. The execution followed the approval of the Supreme People's Court and was carried out by a court in Inner Mongolia.
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