NANNING - A court in South China's Guangxi Zhuang autonomous region opened a trial Thursday on confiscating the illegal assets of a Red Notice fugitive suspected of embezzlement.According to Guilin City People's Procuratorate, it launched an investigation into Huang Yanlan for misusing and embezzling a huge amount of money in August 2002. Later Huang fled. Interpol issued a Red Notice on her in 2005.Since the suspect remains a fugitive, prosecutors have applied to the Guilin Intermediate People's Court to formally confiscate her illegal assets.From 1993 to 1998, Huang allegedly took advantage of her position as general manager of a state-owned enterprise in the city of Guilin and deputy head of a city government department, and extracted about 1.17 billion yuan ($184.3 million) from the company's accounts, according to the prosecutors."The money was not recorded in the company's financial books," the prosecutors' application documents said.About 400 million yuan of the money was found to have been transferred to another bank account illegally set up by the company to invest in futures.Huang was later also suspected of personally extracting and entrusting a third party to withdraw about 575 million yuan from the futures investment account, 529 million yuan of which was also missing from any financial books, the prosecutors said.Huang and her family paid 30 million yuan for 52 real estate properties in Shanghai from 1997 to 1999 as the first installment.The Guilin Intermediate People's Court did not announce the judgement Thursday. design your own wristbanddesign rubber braceletscustom printed wristbands
BEIJING -- A leading US expert on China studies said the ongoing 19th National Congress of the Communist Party of China marks a "new historic starting point," believing it will exert influence on China and the world for decades to come. "Xi Jinping set out an audacious, grand vision for China's future development, which, without doubt, is the highlight of the political report," said Robert Lawrence Kuhn, chairman of the Kuhn Foundation, commenting on the report Xi delivered to the 19th CPC National Congress on Wednesday. What impressed Kuhn was the report's "comprehensive scope" and that it "established the policies not only for the next five years, but framed the agenda and set the strategies for the next 30 years." While announcing socialism with Chinese characteristics has entered a "new era," the CPC leader envisioned China with "socialist modernization basically realized" by 2035, and then developing into "a great modern socialist country" by the middle of the century with a leading influence in the world. That's why this congress has special significance as it marks the start of a five-year period that is the confluence of the two centenary goals, said Kuhn, who was at the Great Hall of the People as the co-producer and host of "Closer to China with R.L. Kuhn" on China Global Television Network when the report was delivered. "People orientation and rejuvenating the country, in the historic context of China's ancient civilization and long struggle against foreign oppression, form the foundation of the report," Kuhn said. The report also gave Kuhn, author of bestseller "How China's Leaders Think," a sense of how confident the Chinese leader and the country are in socialism and their commitment to deepening reform and strengthening rule of law. From the report, he also saw the "strict governance of the Party by reforming and purifying itself," which he said is "unambiguous." "The anti-corruption campaign not only continues but is enhanced," he added. On the economic front, Kuhn saw the increasing role of innovation, especially in science and technology. Regarding military, he described the content concerning military reform and modernization as "open and specific." From the report, he also saw China's sovereignty as "sacrosanct" and its international engagement as "pro-active, confident and growing." It impressed Kuhn that "the leadership of China, led by Xi, has a profound understanding of the country, its governance, economy and society, and is determined to bring about its great rejuvenation." "Xi gave a realistic appraisal of problems, including social imbalances, economic structure, endemic pollution," while making an "epic narrative of what China has remarkably achieved, what China has yet to do, and what China envisages as necessary to be a great nation," he said. It is on this competence and accomplishment that the political legitimacy of the CPC is founded, said Kuhn. With this political report and the congress, Xi, who is the core of the CPC Central Committee and of the whole Party, sees China as standing at a new historic starting point and that socialism with Chinese characteristics is entering a new era, Kuhn added.
