Ren Zhiqiang embezzled almost $7.4 million of public funds and accepted bribes worth $184,178, according to a court verdict. Rights campaigners accuse President Xi Jinping and the Communist Party of using corruption charges to silence dissent.
Critics say President Xi Jinping's government is seeking to deflect international pressure for greater access to markets in China amid complaints Beijing is improperly subsidising fledgling Chinese suppliers and shielding them from competition.
Despite the growth most China observers agree that the world's second-biggest economy will continue to cool as authorities reduce high levels of debt across many of the heavy industries, crack down on financial risks and tighten monetary conditions.