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Former Chinese senior banker executed for taking US$155 million in bribes


China has executed a former senior banker who was found guilty of taking more than 1.1 billion yuan (US$155 million) in bribes.

Bai Tianhui, the former general manager of the asset management firm China Huarong International Holdings, was executed on Tuesday after the Supreme People’s Court approved the sentence, state broadcaster CCTV reported.

The state-owned offshore unit Bai ran was taken over by Citic Group and renamed China Citic Financial Asset Management in January last year.



Former Chinese senior banker executed for taking US$155 million in bribes


China has executed a former senior banker who was found guilty of taking more than 1.1 billion yuan (US$155 million) in bribes.

Bai Tianhui, the former general manager of the asset management firm China Huarong International Holdings, was executed on Tuesday after the Supreme People’s Court approved the sentence, state broadcaster CCTV reported.

The state-owned offshore unit Bai ran was taken over by Citic Group and renamed China Citic Financial Asset Management in January last year.

in reply to geneva_convenience

You have to really fuck up to actually get executed: en.wikipedia.org/wiki/Death_se…

Death sentence with reprieve […] is a criminal punishment found in chapter 5 (death penalty), sections 48, 50 and 51 of the criminal law of the People's Republic of China. It is a two-year suspended sentence where the execution is only carried out if the convicted commits further crimes during the suspension period. After the period the sentence is automatically reduced to life imprisonment, or to a fixed-term based on meritorious behavior. The reprieve is integrated into the sentence, unlike a pardon which occurs after the sentence.

Chinese courts hand down this form of sentencing more often than actual death sentences. The sentence emphasizes the severity of the crime and the mercy of the court, and comes from traditional Chinese jurisprudence. According to researchers, the post-2007 death penalty reforms resulted in a larger proportion of death sentences becoming suspended.

Based on the 2024 sentencing of Yang Hengjun to death with reprieve for espionage charges, Ryan Mitchell, a law professor at the University of Hong Kong, stated that death with reprieve was used in recent years to reduce the rate of executions without abolishing capital punishment. He also stated that such sentences were typically reserved for serious crimes with potentially serious social consequences, and that they were rarely commuted to fixed-term imprisonment.




Trump must purge Zelensky – exiled opposition leader





in reply to silence7

I don't see this as a big deal. We all pretty much know what we're in for, even if we're not familiar with the area. You know Texas is hot, California catches fire and the Gulf Coast catches hurricanes.

In any case, I wouldn't trust a private company's data on climate risks. If I'm considering such a huge spend, going to do some due diligence. FEMA gave me a flood map in seconds, free.

Kinda funny the realtors backed Zillow up on this. Zillow should have told them to get bent, we need this because our competition has it. What are they gonna do? Not use Zillow? 😆

in reply to silence7

zillow is primarily a tech company. and it's run by incompetent techbros who should have been fired the instant they laid people off for no reason other than moronic executive decisions had predictably disastrous outcomes (Zillow Offers)

in reply to silence7

The only 'customers' for this are going to be governments. It's just a government program with private legal embezzlers.





Which Car Brands Have the Best Long-Term Reliability? Tesla is The Least Reliable Car


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US EPA Erases Mention of Humans Causing Climate Change From Some Web Pages


An E.P.A. site listing the causes of climate change no longer includes the main one: human activity.


And in particular, the burning of fossil fuels is the big one. This is a pure political decision driven by the patronage machine that fossil fuel magnates fund.

https://www.nytimes.com/2025/12/09/climate/epa-website-climate-change-causes.html?unlocked_article_code=1.7U8.Bzg2.ZhXW88Ob_upg

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in reply to silence7

I was kind of amazed to learn this in the article:

Recent polling by Abacus Data found that only 13 per cent of voters ranked climate change as one of their top three issues, well back of concerns like the cost of living (64 per cent) and Donald Trump (34 per cent). Among Liberal voters, the share only rises to 16 per cent.


I guess, I'm lucky enough to be in a position where I'm not personally very affected by inflation or tarrifs so maybe climate concerns are a luxury I can afford which others can't.

Downloaded the Abacus report... The cbc was actually charitable, climate change was the 9th most mentioned thing when people were asked to list top issues, behind housing, healthcare, immigration, crime, job security etc. Ooof.

in reply to MyBrainHurts

Its been a longstanding issue. Lots of people care, but its not at the top of their priority list.
in reply to silence7

Why do people quote books written by politicians? Those books are designed to get people to vote for them.

Carney is killing any climate plan because the idiots who vote in Canada don't care about the environment, they would have voted for anyone who killed the Carbon levy, which was never explained by media and branded a "tax" by the Conservatives.





This year is expected to match 2023 as one of the warmest on record, second only to 2024, EU scientists warn. They cite greenhouse gas emissions from fossil fuels as the main cause of global warming.


If confirmed, this would mark the first time global average temperatures have exceeded 1.5 degrees Celsius for three consecutive years since humans began burning fossil fuels on an industrial scale during the 1850–1900 pre-industrial period, C3S said.


The formal announcement is posted here as well as on 𝕏itter.









dispelling myths


distributing the future isn't possible when profit is measured by greed alone

we are all expenditures in such a capitalist reasoning

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Extreme heat hampers children’s early learning


Children regularly exposed to temperatures over 30°C (86°F) have lower scores on literacy and numeracy tests at age 3 to 4, according to UNICEF data from six countries


Archived copies of the article:
* archive.today
* ghostarchive.org
*

The paper is here



in reply to silence7

And sometimes the plugged ones were done so long ago that they're effectively not plugged, just capped off a few feet below ground.

in reply to schizoidman

The headline implies the US was ever in the running for climate solutions
in reply to glimse

Under Biden the US was actually moving in the right direction with the Inflation Reduction Act. That would have helped a lot, but the American people rather elected Trump again.
in reply to glimse

Yes and most of the news about China was specifically about shutting down the United States. So when I read those stories I just feel it’s propaganda. Regardless of what shit hole the United States is in, absolutely no data from China can be trusted.
in reply to velindora

Even taking the Chinese government at its word, they're getting ~60% of their energy from Coal, and are opening new coal-fired power plants at a pace not matched by any other industrialized country. Framing their solar adventures as anything other than supplementary power for their growing fossil fuel economy is wildly irresponsible. China is #1 producing 3x the CO2 as the next largest producer (United States) and they're not resting on their laurels.

People in the pro-Xi camp might claim China is planning to transition to renewables based on the rate of growth of their alternative energy sector, but that's not a claim the Party has ever made or is likely to make. Their top priority is growing their economy, preventing global warming isn't even on the list. They over-produced solar because it seemed like the west was signalling they were going in that direction, but now that demand is depressed, they're likely to cut back production. Based on the Chinese government numbers on installed capacity vs. actual solar energy power use, they're sending surplus panels to the Tibetan desert to rot.

The reporters at NPR are pining for more competent authoritarians. They don't care about global warming either, or they'd do actual journalism on the subject.

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in reply to Five

Analysis of the China's own plans, and projections, shows we will still hit heights that will destroy the world as we know it, and might still end up in an minor runaway warming period that could be an extinction event in the long term.


"Causing irreversible environmental instability:" Panel Unveils “Dark Side” of the China’s Green Energy Push in Tibet


cross-posted from: lemmy.sdf.org/post/46910935

Archived

[...]

China’s dominance in the renewable energy supply chain—especially in rare earth minerals, copper and lithium processing—has led to massive industrial expansion in Tibet. While promoted internationally as sustainable climate action, many projects have instead resulted in water contamination, ecosystem collapse, cultural displacement, and intensified political repression.

“Under the guise of green energy development, Tibet is being reshaped to fuel China’s economic and geopolitical ambitions,” said Tempa Gyaltsen Zamlha, Deputy Director of the Tibet Policy Institute, in his welcome address. “These mines and mega-dams are marketed as climate-friendly, but they have devastated Tibet’s rivers, grasslands, wildlife habitats, and traditional communities.”

The Tibetan Plateau, often called the Third Pole, contains the world’s largest reserve of freshwater outside the polar regions. Its rivers support nearly 1.9 billion people across Asia. Yet, scientists have warned that the plateau is warming at nearly twice the global average, accelerating glacial melt and causing irreversible environmental instability.

[...]