Chinese law enforcement agencies extradited a suspect from Thailand on Tuesday in connection with a major financial criminal case involving more than 100 billion yuan (about 14 billion U.S. dollars), China's Ministry of Public Security announced Friday.
The man surnamed Zhang is the first financial criminal suspect extradited to China from Thailand since the two countries' extradition treaty took effect in 1999, according to the ministry.
Zhang was discovered to have led a pyramid scam operation under the guise of issuing virtual currency since 2012. The public security organ of Chongqing Municipality launched an investigation into Zhang in 2020, and an Interpol Red Notice was issued in March 2021.
Zhang was captured by Thai police in 2022, and was ordered to be extradited to China following a sentence made by Thailand's Appeals Court in May of this year, a decision later supported by the Thai government.
China extradites suspect of 100-billion-yuan financial crime from Thailand
China and Spain are set to deepen bilateral economic and trade cooperation, with a focus on expanding collaboration in emerging industries such as clean energy and cross-border e-commerce, a spokesperson for China's Ministry of Commerce said on Thursday.
During a regular press briefing, spokesperson He Yongqian said the ministry will work closely with Spanish authorities to strengthen ties and cement economic partnerships.
"Spanish Prime Minister Pedro Sanchez recently led a trade delegation to China, where he and Minister Wang Wentao delivered speeches at the second meeting of the China-Spain Business Advisory Council, joined by over 60 representatives from both countries. During the meeting, business leaders from China and Spain expressed their commitment not only to strengthening cooperation in traditional sectors but also to exploring opportunities in emerging industries such as clean energy, cross-border e-commerce, big data, and the low-altitude economy, while jointly expanding into other markets," He said.
The spokesperson said the next step is to provide more regular and practical platforms for exchanges between businesses from the two countries.
Sanchez visited China for a four-day trip that began on Sept. 8.
China, Spain to deepen economic cooperation, explore new sectors: commerce ministry
