Subscribe free to our newsletters via your
. 24/7 Space News .




SUPERPOWERS
China punishes HK lawmaker for criticising leader
by Staff Writers
Hong Kong (AFP) Oct 29, 2014


China tries former bank head for corruption: report
Shanghai (AFP) Oct 29, 2014 - The former head of one of China's largest banks and two of his employees went on trial Wednesday for corruption, accused of embezzling $56 million, the official Xinhua news agency reported.

A court in the central city of Hebi tried Tao Liming, previously president of the Postal Savings Bank of China, as well as his subordinates Li Chuntai and Sun Lina, it said.

The state-owned Postal Savings Bank, a spin-off from China's sprawling post office system, boasts the country's biggest network of banking outlets.

Its website describes it as China's fifth-largest banking institution by client and deposit numbers.

The three men are accused of diverting 340 million yuan ($56 million) for investment to seek "personal profit", the Xinhua report said.

Prosecutors also charged Tao with taking 21 million yuan in bribes for granting financing and job promotions, it said.

Tao became head of the bank in 2007 but came under investigation for graft in 2012. He was formally arrested in December that year.

Chinese President Xi Jinping has pledged to root out high-ranking "tigers" as well as low-level "flies" in a much-publicised anti-corruption campaign.

Authorities have snared hundreds of officials in the drive, including former internal security chief Zhou Yongkang and Liu Tienan, once deputy director of the government's top economic planning agency.

But critics say there have been no systematic changes that could fundamentally root out graft in the one party state.

Xinhua also reported on Wednesday that the head of Shanghai's main power company, Feng Jun, is under investigation for serious violations of discipline and law, a phrase typically used to refer to corruption.

A senior Hong Kong lawmaker was expelled from a prestigious Chinese government body Wednesday, in a sign that Beijing will not tolerate dissent from loyalists over pro-democracy protests in the semi-autonomous city.

James Tien had his "qualifications revoked" as a member of the Chinese People's Political Consultative Conference (CPPCC), the state-run China News Service said.

The prominent businessman and politician had criticised Hong Kong's embattled leader Leung Chun-ying for failing to put an end to more than a month of pro-democracy protests -- an unusual move for a pro-Beijing lawmaker.

The CPPCC voted to pass the "decision on revoking Tian Beijun's membership in the 12th Chinese People's Political Consultative Conference", the government body said, using Tien's name in Mandarin and without providing further details.

In a brief statement Tien said he accepted the CPPCC ruling and would resign as leader of Hong Kong's pro-business Liberal Party.

"I just remembered I am a lawmaker in Hong Kong, neglecting my role as a CPPCC member. Maybe that was inappropriate," Tien said of his comments about Leung.

But he insisted later he would not withdraw his comments.

"I see no reason for me to retract my statement or change my position... I speak from the bottom of my heart anyway," Tien told a press conference.

Demonstrators have staged street rallies and road blockades for more than a month, calling for free leadership elections for the former British colony in 2017.

The demonstrations present the most concerted challenge to Beijing's authority since the bloody 1989 Tiananmen protests.

Tien's younger brother Michael, another Hong Kong lawmaker, told AFP before the announcement that his brother was being punished for perceived disloyalty to Leung.

"The decision is definitely based on my brother's comments about CY (Leung Chun-ying)," Michael Tien said.

James Tien said last week that Leung should consider resigning for failing to halt the protests.

"Residents are ignoring court injunctions (to disperse) and pan-democrats are being uncooperative. How is he going to govern?" Tien said on Friday, according to the South China Morning Post.

Despite hailing from Hong Kong's pro-Beijing camp, the 67-year-old politician is no stranger to ruffling political feathers.

In 2003 he withdrew his party's support for a government-backed national security bill amid large street protests, leading to the legislation's collapse and the eventual resignation of Hong Kong's then-leader Tung Chee-hwa.

He backed Leung's opponent Henry Tang in the 2012 race to be the city's chief executive.

- Leung increasingly unpopular -

Leung's popularity has taken a nosedive since the protests began last month.

A poll this week by the Chinese University of Hong Kong showed he now has a 38.6 voter approval rating on a 0 to 100 approval scale -- his lowest since taking office in July 2012, when he scored 53.9.

A hate figure among protesters, who are calling for him to resign, Leung stirred fresh anger last week when he said that open elections were not feasible because they would result in the city's poor dominating politics.

The demonstrations were sparked by China's decision that all candidates running for the top Hong Kong post in 2017 must be vetted by a loyalist committee, a decision which the protesters say will result in the election of a pro-Beijing stooge.

China has refused to budge in the face of the rallies and has publicly thrown its full support behind the Hong Kong administration.

Tien's brother said the central government had little tolerance for dissent at such a crucial time.

"President Xi (Jinping) himself has openly announced and had asked for all the support. The timing is crucial," said Michael Tien, adding that Beijing leaders expect the city's establishment politicians to support Leung "wholeheartedly".

"If there is any change at this moment (within the city leadership), the Occupy movement is going to turn into a severe, ugly crisis... they need CY Leung to stay here and resolve the crisis," he said, referring to the protests known as Occupy Central.

The CPPCC is a discussion body that is part of the Communist party-controlled governmental structure.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Learn about the Superpowers of the 21st Century at SpaceWar.com
Learn about nuclear weapons doctrine and defense at SpaceWar.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








SUPERPOWERS
India's Modi pledges to modernise Vietnam's defences
New Delhi (AFP) Oct 28, 2014
Indian Prime Minister Narendra Modi promised on Tuesday to strengthen Vietnam's military following talks between leaders of the two allies, in a move likely to rankle neighbouring nuclear-armed giant China. Modi said India would sell naval patrol boats to Vietnam under a $100 million line of credit to the Southeast Asian nation, which is trying to improve its defences in the disputed South C ... read more


SUPERPOWERS
NASA's LRO Spacecraft Captures Images of LADEE's Impact Crater

New lunar mission to test Chang'e-5 technology

Next Chinese mission to moon will return to Earth

China's ailing moon rover weakening

SUPERPOWERS
A One Way Trip to Mars

Mars 2020 Will Continue Search for Habitability

NASA Seeks Ultra-lightweight Materials to Help Enable Journey to Mars

Eight months on 'Hawaiian Mars' tests rigors of exploration

SUPERPOWERS
It's Anchors Aweigh on Modifications to NASA's Pegasus Barge

Mark Olsen - An Atmospheric Dynamicist With a Beat

US space budget still exceeds rest of world's combined

NASA seeks proposals for deep space exploration, journey to Mars

SUPERPOWERS
Wenchang to launch China's next space station

China's Main Competitor in Space Exploration is India, Not Russia

China's lunar orbiter modifies orbit

China launches first mission to moon and back

SUPERPOWERS
Student Experiments Lost in Antares Rocket Explosion

NASA to work with cargo partners despite rocket crash

Russian space station resupply rocket launches, docks at ISS

ISS Crew Has Enough Supplies Until March 2015

SUPERPOWERS
Arianespace signs contract with ELV for ten Vega launchers

Antares Rocket Crash in Virginia Investigation to Take up to Year

Soyuz Installed at Baikonur, Expected to Launch Wednesday

FY 15 launch schedule kicks off with GPS IIF-8 liftoff from 'The Cape'

SUPERPOWERS
In a first, astronomers map comets around another star

Getting To Know Super-Earths

Astronomers Spot Faraway Uranus-Like Planet

NASA's Hubble Maps the Temperature and Water Vapor on an Extreme Exoplanet

SUPERPOWERS
Reverse engineering materials for more efficient heating and cooling

Steering ESA satellites clear of space debris

Cutting power could dramatically boost laser output

Watching the hidden life of materials




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.