Sun Zhaoxue |
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Sun Zhaoxue (Chinese:孙兆学) is a former Chinese state-owned enterprise executive and former CEO ofChina Gold, the largestgold mining company in China.[1] He was arrested to face corruption charges in 2015.
He has been described by theFinancial Times as a visionary for efforts in lobbying within Chinese policy circles to elevate gold to a strategic status similar to oil.[2] He published an article in 2012 inQiushi, a political theory publication circulated among Chinese policymakers, laying out a plan for a greater role for gold in the political economy of China.[2] His plan called for a greater accumulation ofgold reserves to underpin the development of therenminbi into an international currency. To bring in the gold, Sun called for investment in Chinese mining companies, participation by consumers in buying gold, and overseas acquisitions of gold mines.[2]
Sun later became chief executive ofChinalco. On September 15, 2014, Sun Zhaoxue was placed under investigation by theParty's internal disciplinary body for "serious violations of laws and regulations".[3] On December 23, 2014, Sun Zhaoxue was expelled from the Communist Party.[4]
On December 27, 2016, Sun was sentenced to 16 years in prison.
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