During a trip to the United States in 2002, former Chinese leader Jiang Zemin shares a laugh with his US counterpart, George W. Bush, as they discuss NBA player Yao Ming. Photo: AP
During a trip to the United States in 2002, former Chinese leader Jiang Zemin shares a laugh with his US counterpart, George W. Bush, as they discuss NBA player Yao Ming. Photo: AP
Jiang Zemin

China’s economic rise under Jiang Zemin featured lessons, warnings that still resonate today

  • When China was at a critical crossroads in 1989, Jiang helped solidify the groundwork for a socialist market economy via market reforms and international trade
  • But the economic awakening was not without its pitfalls, as corruption was widespread in the 1990s and China’s wealth divide turned into a vast chasm

During a trip to the United States in 2002, former Chinese leader Jiang Zemin shares a laugh with his US counterpart, George W. Bush, as they discuss NBA player Yao Ming. Photo: AP
During a trip to the United States in 2002, former Chinese leader Jiang Zemin shares a laugh with his US counterpart, George W. Bush, as they discuss NBA player Yao Ming. Photo: AP
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