News Snapshot:
Ren Zhiqiang, a retired real-estate tycoon with shut ties to senior Chinese officers, disappeared in March after he allegedly penned a scathing essay that month criticizing Xi’s response to the coronavirus epidemic. He was later charged with corruption-related offenses. On Tuesday, a court docket in Beijing discovered Ren responsible on a number of expenses, together with embezzling some $16.three million (110.6 million yuan) in public funds, accepting bribes, and abuse of energy that precipitated losses totaling $17.2 million (116.7 million yuan) for the state-owned property firm that he as soon as headed. Judges sentenced him to 18 years in jail...
