Commentary On Jan. 29, Lai Xiaomin, former chairman of China’s largest asset management firm, was executed in Tianjin city. Lai, who was head of China Huarong Asset Management Co., was charged with accepting bribes totaling 1.788 billion yuan ($280 million). On Jan. 5, the Tianjin No. 2 Intermediate Court sentenced Lai to death for taking bribes, corruption, and bigamy. On Jan. 29, Lai was executed. It took only 24 days from the sentence to the execution. The media in China and abroad have made various comments on this. Judging from the cases of previously sacked high-level officials, I think that Lai’s speedy execution will have little impact on the Chinese Communist Party’s corruption problem. Past Cases On March 8, 2000, Hu Changqing, former vice governor of Jiangxi Province, was executed. Hu Changqing was accused of taking 5.44 million yuan ($840,000) in bribes, bribing others with 80,000 yuan ($12,382), and owning …