China executes former asset management chief for corruption

China has executed the former head of one of its biggest asset management companies, who was convicted of corruption, a punishment that has drawn sharp criticism from international human rights experts. 

The execution of Lai Xiaomin was carried out on Friday, three weeks after the 58-year-old was sentenced to death by a court in the city of Tianjin, state media reported.

Lai was found guilty of taking bribes amounting to $280m (about R4,2bn) over a 10-year period when he worked at Huarong Asset Management and before that at the China Banking Regulatory Commission...