Monday, August 15, 2005

Hong Kong's Singtao Daily reports that former board of director of China Construction Bank Wang Xuebing was released for "medical reason" from his 12-year sentence for bribery. This comes after Wang served only 4 of his 12 year sentence. In truth, he was more a victim of factional struggle between Zhu and Li Peng than a true criminal. Sure, he took a few hundred thousand to ensure that his kids went to the right schools, but that really wasn't that much in the grand scheme of things. Bankers in a similar position easily made much more than that. Perhaps this is a recognition (by Wen? by Zhu himself?) that he was a victim of politics.





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