Expert Profile
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David Wei
Since October 2007, chief executive officer and executive director of Alibaba.com;
From November 2006 to September 2007, president of Alibaba.com and executive vice president of Alibaba Group;
From 2002 to 2006, president of B&Q China, a subsidiary of King
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China executes more of its own citizens than any other country, and more than all others in the world combined. “Thousands” of Chinese were executed in 2009 according to Amnesty International's annual study, which states that an exact number is impossible to determine because information on the death penalty is regarded as a state secret. Among the crimes that currently carry the death penalty are bribing an official and stealing historical relics.
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| China Seeks Assistance In Going After Fugitive Overseas Investors |
![]() China is trying to find foreign help to go after overseas investors who ran away without properly attending to their obligations to employees and creditors of their failed businesses. China's ministries of commerce, foreign affairs, justice and public security has already jointly the guideline for cross-border investigation and litigation of fugitive foreign investors.
The country would settle the cases based on both international rules and domestic regulations. Part of foreign assistance would be in China’s request for extradition or case transfer when a "huge amount of money" was involved, it said. The global financial crisis has brought about an increasing number of failed businesses with foreign investors who do not go through the formalities of properly declaring bankruptcy; They just slip away, leaving behind equipment, unpaid wages and debts. These cases mostly happen in small and labor-intensive companies. Most foreign-funded companies in China are supported by domestic companies, and any capital withdrawal by the foreign-funded companies leaves the domestic counterpart shouldering the mess left behind, industry experts said. According to last year’s media reports, 87 companies funded by investors from the Republic of Korea (ROK), withdrew from Shandong Province without proper liquidation of assets. In 2003, there were 21. In January this ear, at least 10 ROK company officials just abandoned their Yantai Shigang Fiber Co. in Shandong due to financial difficulties. They left large debts and more than 3,000 employees with unpaid wages. |







