By: Toh Han Shih
The relatively lenient sentence of Chinese tycoon Xiao Jianhua, who was given 13 years in prison with a fine of RMB6.5 million (US$953,480) on August 19, is likely to signal calamity for many officials (including current and former senior apparatchiks) and boost President Xi Jinping’s bid for a third term, analysts said.
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