China Executes Spy

Tong Daning, who helped manage China's $26 billion pension fund, was executed on April 21 on a charges of spying for Taiwan. Daning was the highest-ranking official to be executed for espionage since 1999. The case in 1999, was of an army general and colonel who were caught selling the locations of China's missiles to Taiwan for somewhere around $1.6 million.

Tong was a former Director of China’s National Council for Social Security, before that, Tong worked the Ministry of Foreign Affairs for 15 years. At that time, Tong was responsible for the qualified domestic institutional investors plan (QDII), which allowed Chinese investors to convert deposits into other currencies.

Since the execution China has publicly shown video of the execution to discourage the Chinese from becoming spys for Taiwan, and touts that Tongs death cripples Taiwan’s spying activity in China. But we all know that Taiwan will still spy on China and China will still spy on Taiwan otherwise the unemployment rates in both countries would rise drastically! The governments are only trying to create jobs! Geez!