The anti-corruption purge just hit hard —
Li Jinzhu, former top lawmaker in Shaanxi Province, has been sentenced to death (with 2-year reprieve) after pocketing ¥431 million ($59M) in bribes!
Here’s how deep it goes:
Held major roles from 2004–2023: Mayor, Vice Governor, Legislator
Rigged contracts, promoted allies, sold influence
Verdict: Death sentence + full asset seizure
And he’s just one of several:
Fan Yifei (Ex–Central Bank Deputy): $54M in bribes
Zhao Weiguo (Ex–Chip Tycoon): $65M corruption
Liu Liange (Ex–Bank of China Chair): $16.7M bribes
China isn’t just cleaning house — it’s burning it down.
The message is clear: No one is above the law.
But will this boost transparency or tighten the authoritarian grip?
Investors, take note.
