China's reformist ex-premier Zhu Rongji dies at 97 | News. az
Former Chinese premier Zhu Rongji, who helped engineer one of the most significant economic reforms in modern history, has died at the age of 97,SCMPreported. Zhu, who served as China’s premier from 1998 to. . .
Former Chinese premier Zhu Rongji, who helped engineer one of the most significant economic reforms in modern history, has died at the age of 97,SCMPreported. Zhu, who served as China’s premier from 1998 to 2003, is remembered for tackling corruption, restructuring the centrally planned economy and overhauling the state-owned enterprise (SOE) sector. He also played a leading role in securing China’s entry into theWorld Trade Organization. Born in 1928 in Changsha, the capital of the central province of Hunan, Zhu graduated from Tsinghua University in 1951 with a degree in electrical engineering and joined the civil service, working on regional and national economic policy. RECOMMENDED STORIESStrait of Hormuz will reopen only when US accepts Iran’s conditions, security chief saysTyphoon Dolphin moves inland, threatens central China with floodsAir Canada restores flights following Typhoon Dolphin in southern ChinaTyphoon Dolphin forces mass evacuations in eastern ChinaHe rose to be vice-premier in charge of China’s economy between 1991 and 1998 before taking on the role of premier. In the 1990s, when China’s high inflation, mounting debt and SOE losses threatened financial stability, Zhu targeted the risks by centralising fiscal policy, cutting red tape and closing or privatising failing enterprises. He was also the mastermind behind the negotiations for China’s WTO entry in 2001, which opened up China to the international market and ushered in major changes in the Chinese economy. News. AzBy Nijat Babayev