The world appeared to change on Nov. 15, the day bold and epochal reforms were unveiled that promised to overhaul one of the world’s biggest economies. Analysts, investors and historians alike rejoiced at the audacity of the plan.
Bo Xilai’s appeal of his life sentence for graft and abuse of power was rejected by a Chinese court, which upheld the harshest sentence in three decades for a former member of the Communist Party’s Politburo.
A Chinese court on Oct. 25 will announce its decision on former Politburo member Bo Xilai’s appeal of his life sentence for corruption, abuse of power and bribery, the court said on its website yesterday.
Former Chinese Communist Party Politburo member Bo Xilai appealed his conviction for bribery, embezzlement and abuse of power, the Wall Street Journal reported yesterday, citing an unidentified person.
The odds of a severe slowdown in China or a credit crisis will fall after a Communist Party summit in November as leaders tackle local-government debt and financial reforms, a Bloomberg News survey indicates.
As a judge sentenced him to life in prison yesterday, a smile spread across Bo Xilai’s face. Perhaps he grasped the irony. He’d lost inside the courtroom. At the top levels of China’s leadership, though, his methods have won.