Former Chinese premier Zhu Rongji dies aged 97

Former Chinese premier Zhu Rongji, who spearheaded market reforms that propelled the nation's economic growth, passed away on Wednesday at the age of 97. In his role as premier from 1998, Zhu implemented notable policies such as privatizing unprofitable state-owned enterprises, urban housing, and promoting homeownership. His leadership also facilitated China's entry into the World Trade Organization in 2001.

Zhu's obituary described him as a "revolutionary" and a "loyal communist fighter," emphasizing his dedication to serving the people. His policies witnessed a surge in real estate and construction, eventually accounting for a quarter of China's economy before a severe debt crisis struck in 2020. Zhu's market reformist approach, while lifting millions out of poverty, contributed to growing inequality.

The news of his death sparked significant reactions on social media, with Weibo users expressing grief and paying tribute, with the topic garnering over 190 million views.