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Zhu Rongjii

Born on October 1, 1928 in Changsha, Hunan, Zhu Rongji mayor and party chief in Shanghai between 1987 and 1991, before becoming vice premier and then the fifth premier of the People's Republic of China. He held that position between March 1998 and March 2003. He is known for taking a tough stance against corruption in the government and pushing difficult reforms of the state sector. 

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The much-anticipated press conference at the close of the National People’s Congress was cancelled, discontinuing a customary practice that was established in the early 1990s.

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With the country at the crossroads, Jiang Zemin kept opening up and reform on track, put paid to international isolation and ensured the city’s governing principle of ‘one country, two systems’ was adhered to.

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For President Xi Jinping, a yawning urban-rural divide is not helping the Chinese dream of national rejuvenation, nor the nation’s newly adopted strategy of dual circulation.

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  • Opportunity to buy control of a bank in China, home to the fast economic growth in the world, was certainly appealing, Shan Weijian says in new book Money Machine
  • Jiang Zemin and his government considered foreign investment and participation ‘as critical to their reforms and growth agenda’
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When China was at a critical crossroads in 1989, Jiang helped lay the groundwork for an economic transformation, and it largely hinged on improving relations with Western countries.

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As debate swirls in Beijing about how the government should respond to current economic challenges, we take a look back in recent history to see how China has weathered previous periods of economic uncertainty.

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Audience of more than 70,000 fills Tiananmen Square for carefully choreographed celebration and while Xi Jinping gets much of the attention, younger faces also take centre stage.

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The private sector has been sidelined despite Beijing’s 2013 decision to allow market forces to play a decisive role in the economy, US economist Nicholas Lardy says.

Levin Zhu, the son of former Premier Zhu Rongji, has resigned as chief executive of the first Sino-foreign joint venture investment bank in a surprise move likely to slow down the company's IPO process.

Former premier Zhu Rongji has made a rare public gesture, writing a letter for the 30th anniversary of his alma mater, becoming the latest ex-party leader to step briefly out of low-key retirement.

Zhu delivered the brief speech at a ceremony launching the English edition of Zhu Rongji on the Record: The Road to Reform 1991-1997, which is to go on sale in the US this month.

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The People's Publishing House will on Monday release a collection of speeches Zhu gave as mayor of Shanghai between 1987 and 1991. The People's Daily website yesterday ran excerpts, which were picked up by major mainland portals.

"Every man should confine himself to his own duties", the Chinese saying goes, and when state leaders retire they often vow to refrain from interfering in the nation's politics and seek more time to pursue personal interests. Some travel around the country to relax, write books and learn the arts, but others want to show they are still political heavyweights.

Symbolism can matter a great deal in politics, and Vice-Premier Wang Qishan's similarities to his political mentor, Zhu Rongji, have helped boost his popularity among party officials and ordinary citizens.