China executes 2 men who committed deadly attacks known as ‘revenge on society crimes’

China executes 2 men who committed deadly attacks known as ‘revenge on society crimes’


BEIJING (AP) — China has executed two men who committed deadly attacks that killed dozens in November, raising concerns about a surge in what are called “revenge on society crimes,” state media reported Monday.

Fan Weiqu, 62, who rammed his car into a crowd outside a sports stadium in the southern city of Zhuhai, killing at least 35 people, was executed on Monday. The attack was the country’s deadliest in over a decade, according to authorities. Police said Fan was upset over his divorce settlement.

Also in November, 21-year-old Xu Jiajin killed eight people and injured 17 others in a stabbing attack at his vocational school in the eastern city of Wuxi. Police said Wu had failed his examinations and could not graduate, and was dissatisfied about his pay at an internship. He was also executed on Monday, according to state broadcaster CCTV.

The killings spurred Chinese President Xi Jinping to urge local governments to take measures to prevent such attacks, known as “ revenge on society crimes.”

The two men’s death sentences were issued by the intermediate people’s courts in the cities of Zhuhai and Wuxi, respectively, in December and approved by the Supreme People’s Court, according to state media.

China is believed to execute more prisoners each year than the rest of the world combined, though the precise total is classified a state secret. Executions are traditionally carried out by gunshot, though lethal injections have also been introduced in recent years.





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China executes two men for committing deadly ‘revenge on society crimes’ | Death Penalty News

China executes two men for committing deadly ‘revenge on society crimes’ | Death Penalty News


Fan Weiqu had rammed his car into a crowd, killing 35 people, while 21-year-old Xu Jiajin killed eight people and injured 17 in a stabbing attack.

China has executed two men who committed deadly attacks that killed dozens in November, raising concerns about a surge in what are called “revenge on society crimes”, state media reported.

Fan Weiqu, 62, who rammed his car into a crowd outside a sports stadium in the southern city of Zhuhai, killing at least 35 people, was executed on Monday.

The attack was the country’s deadliest in more than a decade, according to authorities. Police said Fan was upset over his divorce settlement.

Also in November, 21-year-old Xu Jiajin killed eight people and injured 17 in a stabbing attack at his vocational school in the eastern city of Wuxi.

Police said Wu had failed his examinations and could not graduate, and was dissatisfied about his pay at an internship. He was also executed on Monday, according to state broadcaster CCTV.

Chinese President Xi Jinping urged local governments to take measures to prevent such attacks, known as “revenge on society crimes”.

The two men’s death sentences were issued by the intermediate people’s courts in the cities of Zhuhai and Wuxi, respectively, in December, and approved by the Supreme People’s Court, according to state media.

Violent crimes are rarer in China than in many Western countries, but the country has seen a rise in recent years. Stabbings and car attacks have challenged the governing Communist Party’s reputation for strict public security and crime prevention.

They also carried a shock factor that led some to question perceived social ills such as frustration with a slowing economy, high unemployment and diminishing social mobility.

China classifies death penalty statistics as a state secret, but some rights groups believe the country executes thousands every year. Executions are traditionally carried out by gunshot, though lethal injections have also been introduced in recent years.



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Asia stocks upbeat ahead of Trump inauguration; China shares advance By Investing.com

Asia stocks upbeat ahead of Trump inauguration; China shares advance By Investing.com


Investing.com– Most Asian stocks rose on Monday amid some hopes that U.S. President-elect Donald Trump will not adopt an as harsh rhetoric against China as feared when he takes office later in the day. 

Regional stocks took a positive lead-in from Wall Street on Friday, as a slew of positive bank earnings and growing hopes of interest rate cuts sparked strong gains in U.S. stocks.

U.S. stock futures were less upbeat in Asian trade on Monday, falling slightly amid some caution over Trump. U.S. markets will also be closed on Monday for Martin Luther King, Jr. Day. 

Asia stocks rise amid Trump speculation 

Most Asian stocks rose, with Japanese and Hong Kong shares in the lead. Japan’s and indexes rallied 1.5% each, while Hong Kong’s index added 1.6%. 

Hopes of a less harsh rhetoric against China grew after Trump did not make any mention of his plans for trade tariffs during a victory lap rally in Washington on Sunday. But the President-elect did reiterate plans to crack down on immigration and to reduce government oversight of domestic companies.

Trump also held a call with Chinese President Xi Jinping last week, spurring hopes that Sino-U.S. relations will improve under the incoming President.

Fox News Digital reported that Trump was planning to sign a record-high number of executive orders when he takes office on Monday, some of which could still include increased trade tariffs against China. 

The President-elect had vowed to impose an up to 60% duty on all Chinese imports, while also targeting Mexico and Canada with heightened tariffs. 

Such a move stands to potentially disrupt global trade, and bodes poorly for export-driven economies. 

Chinese shares rise as PBOC keeps rates unchanged

China’s and indexes rose 0.8% and 0.5%, respectively. 

The People’s Bank of China kept its benchmark loan prime rate unchanged as widely expected on Monday, with Beijing seen keeping its stimulus powder dry while seeking more clarity on Trump’s plans for trade tariffs. 

China is expected to dole out even more aggressive stimulus measures to offset the economic headwinds from any potential tariff increases. Trump’s tariffs are expected to provide even more pressure on the Chinese economy, as it grapples with persistent disinflation and a prolonged property market crash.

Still, data released last week showed some improvement in China’s economy, after Beijing released its most aggressive round of stimulus measures yet in late-2024. 

Chinese markets were also boosted by recent gains in chipmaking stocks, as more U.S. export controls on the sector sparked bets that local foundries will benefit from increased domestic demand. 

Broader Asian markets were mostly higher on Monday, although gains were largely limited by caution before Trump. Beyond the U.S. Presidential inauguration, focus this week is also on a string of key economic readings, as well as a Bank of Japan meeting. 

Australia’s rose 0.2%, while for India’s index pointed to a mildly positive open, after the index clocked a series of steep losses last week.

Singapore’s index lagged, falling 0.3%, while South Korea’s traded sideways. Any disruptions in global trade stand to significantly impact both economies, given their reliance on exports.





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China LPR, Malaysia trade, Hong Kong unemployment

China LPR, Malaysia trade, Hong Kong unemployment


Shanghai Pudong district at sunrise

Dukai Photographer | Moment | Getty Images

Asia-Pacific markets rose Monday, ahead of Donald Trump’s presidential inauguration as investors awaited greater clarity on the policies of the incoming U.S. administration.

Hong Kong’s Hang Seng index hit its highest level since Dec. 31 before paring gains, lifted by the consumer cyclicals and health-care firms, data from LSEG showed. The HSI was up 1.76% in its last hour of trade.

Mainland China’s CSI 300 added 0.45% to end the day at 3,829.68 after China left its benchmark lending rates unchanged Monday.

The People’s Bank of China held the 1-year loan prime rate at 3.1%, and the 5-year LPR at 3.6%. The offshore yuan strengthened modestly to 7.3345 against the greenback, while the onshore yuan traded at 7.323 per U.S. dollar.

Japan’s Nikkei 225 climbed 1.17% to end the day at 38,902.50, while the Topix added 1.19% to close at 2,711.27. South Korea’s Kospi slipped 0.14% to close at 2,520.05 while the Kosdaq ended 0.41% higher at 727.66.

Australia’s S&P/ASX 200 rose 0.45% to close at 8,347.40.

Malaysia’s exports in December surged 16.9% year on year, shooting past Reuters’ estimates of 8.8%. This compares to November’s 4.1% rise. The country’s imports grew 11.9% compared to Reuters’ forecasts of 5.2%.

Several central banks in Asia will be convening later this week. Malaysia’s central bank is expected to keep its policy rate steady at 3% on Wednesday. The Bank of Japan is holding its next policy meeting from Jan. 23 to Jan 24 — BOJ Governor Kazuo Ueda has signaled intentions to hike rates. Singapore’s Monetary Authority of Singapore will be meeting on Friday.

The three major averages posted their first weekly gain of the new year on Friday.

The Dow Jones Industrial Average added 334.70 points, or 0.78%, to end at 43,487.83. The S&P 500 gained 1% to 5,996.66, and the Nasdaq Composite advanced 1.51% to 19,630.20.

President-elect Trump and Chinese President Xi Jinping spoke on the phone Friday about trade, Tiktok, fentanyl and more, talks which Trump described as “very good.”

U.S. markets will be closed on Monday.

— CNBC’s Hakyung Kim and Lisa Kailai Han contributed to this report.



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