He served as the chief executive of Wuhan Iron and Steel Corporation (WISCO) from 2013 to 2015.
Deng was investigated for corruption by the Central Commission for Discipline Inspection and booted from the Communist Party for bribery and abuse of power, among other alleged offenses.
He graduated from Wuhan University of Science and Technology in 1975 and joined the Chinese Communist Party in 1978.
[2][3] On August 29, 2015, Deng was placed under investigation by the Central Commission for Discipline Inspection, the party's internal disciplinary body, for "serious violations of regulations and laws".
Deng's investigation came at a particularly sensitive time for WISCO, which had in early 2016 announced the layoff of over half of its workers due to falling profitability.