Ex-Chinese Premier Zhu Rongji, architect of growth, dies of illness at 98
Summary
Former Chinese Premier Zhu Rongji died at age 98 in Beijing. He led major economic reforms in the 1990s, including helping China join the World Trade Organization, which contributed to rapid economic growth.Key Facts
- Zhu Rongji was China’s Premier from 1998 to 2003.
- He pushed state-owned companies to become more efficient and profitable.
- His reforms caused millions of job losses but helped China become the world’s second-largest economy by 2010.
- Zhu helped China join the World Trade Organization in 2001, promoting free trade.
- He started China’s home ownership boom by selling apartments owned by state companies.
- Zhu had a tough, direct style and was known as “Madman Zhu.”
- He worked within the Communist Party’s system and did not support full privatization.
- Zhu was born in 1928 in Hunan province and faced political challenges early in his career.
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