China executes former Huarong exec Bai Tianhui for $156M bribery

• China executed Bai Tianhui, former general manager of China Huarong International Holdings, for taking over $156 million in bribes.
• The execution marks the latest severe punishment in China's extensive anti-corruption campaign.
• Bai was convicted of accepting bribes between 2014 and 2018 for favorable treatment in project acquisitions and financing deals.
• His death sentence was issued without suspension, and his appeal was rejected, with the Supreme People’s Court confirming the ruling.
• This follows the 2021 execution of Lai Xiaomin, former chairman of China Huarong Asset Management, for a larger bribery case.

Why It Matters: This execution highlights China's unforgiving anti-corruption campaign.