Ex-tycoon spared capital punishment_美文_趣味英语-查字典英语网

Ex-tycoon spared capital punishment

Wu changed her lawyer during the re-sentencing, opting for Wu Qian whom she felt was more familiar with the case.

The first four months of the year saw a massive 89 percent increase, year-on-year, in the number of cases concerning private fundraising in Wenzhou.

From January to April, courts in Wenzhou received more than half the number of cases they received for all of 2011

There were over 6,500 cases, in the first quarter, involving some 3.85 billion yuan ($608 million).

Just over 12,000 cases in 2011 involved 5.4 billion yuan.

Legal disputes concerning fundraising are increasing in frequency in Wenzhou in the aftermath of a widespread credit crisis in the city last year that led to a flight of borrowers and panic among lenders.

The court announced it has strengthened its crackdown on parties that escape financial liabilities. Wenzhou Lucheng district court has set up a finance tribunal, the first in Zhejiang province.

About the broadcaster:

Emily Cheng is an editor at China Daily. She was born in Sydney, Australia and graduated from the University of Sydney with a degree in Media, English Literature and Politics. She has worked in the media industry since starting university and this is the third time she has settled abroad - she interned with a magazine in Hong Kong 2007 and studied at the University of Leeds in 2009.