Remembering Zhu Rongji and understanding his legacy

As China mourns the death of former premier Zhu Rongji, the nation reflects on his legacy. Zhu became the fifth premier of China in March 1998, during a time of immense change as the country transitioned from a planned economy to a "market economy with Chinese characteristics." This period coincided with Hong Kong's return to Chinese sovereignty following over a century of British colonial rule.

Zhu's tenure as premier was marked by his unwavering support for Hong Kong and its unique "one country, two systems" governance model. He firmly believed in following Hong Kong's Basic Law and relevant laws, even in the face of opposition and protests. Zhu's dedication to upholding the law and respecting Beijing's decisions earned him the respect of Hong Kong's first chief executive, Tung Chee-hwa.

During Zhu's time as premier, China successfully demonstrated its ability to progress amidst shifting global narratives. The Soviet Union's collapse and the resulting "end of history" narrative did not deter China, and its policies and expectations for Hong Kong remained unchanged. Even in the present day, under President Xi Jinping's leadership, China continues to provide unwavering support for Hong Kong.

Zhu's leadership and dedication to Hong Kong's financial stability became a crucial aspect of national security for Beijing, as evidenced by his role in combating the financial attacks on Hong Kong in 1998. His candid critiques of Hong Kong's policymaking and his insistence on decisions being followed by actions continue to resonate today.

As history rhymes, Beijing's support for Hong Kong remains steadfast, even as the world faces new geopolitical and economic challenges. Zhu's enduring influence on China's policies and expectations for Hong Kong serves as a reminder of his remarkable legacy.