The 11 key achievements of China’s ‘iron premier’ Zhu Rongji – in his own words
Known for his sharp intellect, no-nonsense demeanour and relentless drive for reform, China’s former premier Zhu Rongji was the primary architect of the country’s transition from an isolated, rigidly planned economy to a market-driven titan connected to the rest of the world. During his tenure from 1998 to 2003, he engineered an economic “soft landing”, steered the nation through the Asian…
1. Zhu Rongji, China's former premier, guided the nation's transformation from a rigidly planned economy to a market-driven titan during his tenure from 1998 to 2003. His contributions included spearheading Shanghai's revival, defusing "triangular debt," engineering a "soft landing" for the economy, weathering the Asian Financial Crisis, backing Hong Kong's future, and overhauling the tax system.
2. As mayor of Shanghai from 1988 to 1991, Zhu restructured the city's industrial base, focused on exports, and initiated the construction of the Pudong New Area. He recognized that foreign direct investment was vital for the city's future growth.
Written by urgent.news from South China Morning Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
