Zhu Rongji
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Zhu Rongji

Zhu Rongji
Zhu Rongji
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.
Born
23 Oct 1928
Industry
Politics
Job Title
Former Premier of China
Tesla CEO Elon Musk, with son on his shoulders, is to co-chair the newly created Department of Government Efficiency with businessman Vivek Ramaswamy (in a blue tie). Both men seen before a meeting with Congress members at the US Capitol in Washington on December 5. Photo: AFP
China economy

Opinion | What Elon Musk and Vivek Ramaswamy can learn from China’s reformers

Deng Xiaoping and Zhu Rongji’s radical reforms resulted in a leaner government and more dynamic economy: the exact goals of the Musk-Ramaswamy plan.

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China’s Communist Party

Change of guard at China’s track 1.5 diplomacy channel founded by Zhu Rongji

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China's ageing population

Editorial | Raising the retirement age inevitable amid China’s demographic changes

China economy

Editorial | Fiscal shake-up must be a success for sake of the China economy

Ambitious plan by third plenum aims to overhaul taxation system to help cash-strapped local governments and the people they serve.

Expensive public services have cut into consumer spending as Chinese save to care for their children, elderly parents and themselves. Photo: Shutterstock
Two Sessions 2024

Opinion | Why I miss the Chinese premier’s annual press conference after the ‘two sessions’

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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China economy

Opinion | ‘Capital’ is still a dirty word in China – it shouldn’t be

Despite its role in supporting China’s economic boom, private capital still carries a whiff of notoriety in the country.

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Banking & finance

Mao’s former barefoot doctor recalls sole foreign takeover of Chinese bank

Shan Weijian was the co-managing partner of San Francisco-based private-equity firm Newbridge Capital when it took over a controlling stake in Shenzhen Development Bank in 2005.

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The Shenzhen Development Bank deal was Shan’s last major involvement at Newbridge, before he set up PAG Asia Capital in Hong Kong in 2010. Photo: Edmond So
Jiang Zemin

China’s economic rise under Jiang Zemin offered lessons that resonate today

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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Jiang Zemin

Editorial | Hong Kong handover just one milestone for man who led China out of crisis and into world

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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China's economic recovery

Explainer | 5 defining moments for the Chinese economy over the past 25 years

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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The current economic situation in China could be a defining moment for the country, some observers say. Photo: SCMP
China’s Communist Party

Xi tries to build symbolic bridge between Communist Party’s past and future

The party chief urged young Chinese to follow the party, while paying tribute to past leaders such as Mao Zedong and Deng Xiaoping.

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Xi Jinping was flanked by former and current senior leaders as he delivered the speech over looking Tiananmen Square. Photo: Reuters
China’s Communist Party turns 100

Communist Party sticks to the script on a day for young and old

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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China economy

Opinion | Xi Jinping’s next priority? Revitalising China’s rural regions

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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Diplomacy

No clear end to China-Canada relations slide which began with Huawei arrest

Economists and global affairs experts find no way forward as 50 years of friendship continues to sour on many fronts.

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Diplomatic relations between Canada and China are increasingly strained. Photo: AFP
China economy

‘Don’t waste crisis’: EU business group presses China to open markets

European chamber’s annual survey finds companies grappling with a more politicised, state-dominated environment.

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A European business group has called on China to take bold steps to open up its economy. Photo: Reuters
China economy

Son of ex-China premier Zhu Rongji urges reforms, not easing, for growth

Zhu Yunlai, the former president of China’s first investment bank, says it is ‘impossible’ to rescue any economy by continuously printing money.

China economy

What will the demise of protest-ravaged Hong Kong mean for China?

Hong Kong’s protests, driven by a false sense of superiority to the mainland, are unlikely to provoke an overreaction from Chinese leaders. Beijing has no reason to fear them spreading, as its people have confidence in the government and optimism in the future.

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State-owned enterprises

The View | China can reboot SOE reform by taking a lesson from the Czechs

China, which is paying a heavy economic price for its failed reform of state-owned enterprises, can explore the successful Czech experience of tapping the expertise of private fund managers.

An employee on the production line at a factory of Chinese carmaker JAC Motors, one of the more successful state-owned enterprises, in Weifang, Shandong province. Photo: Reuters
China economy

Economic reforms are ‘the only way out’ of US trade war for China

Li Jiange, who was secretary to former Premier Zhu Rongji, questioned Beijing’s approach to dealing with the trade war with the United States.

China economy

China ‘puts economy at risk’ by spurning own market reforms

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.

Wang Qishan

Opinion | Could Wang Qishan be the new face of Chinese pragmatism?

China’s vice-president made it a point in his Davos speech to stress Beijing’s commitment to taking a pragmatic approach in problem-solving – welcome words that should help ease tense US-China relations.

Vice-President Wang Qishan in Davos. China’s right-hand man to President Xi Jinping seems cut from the same pragmatic cloth as Zhu Rongji. Photo: EPA-EFE

Levin Zhu, son of former premier Zhu Rongji, quits investment bank CICC

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.

Levin Zhu's resignation came after CICC had started preparations for a Hong Kong IPO in the middle of this year.

Former Chinese premier Zhu Rongji breaks long silence with letter to university

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 Rongji makes rare public appearance to hawk his new book

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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Beidaihe meeting

Zhu Rongji speech, newly revealed, likely aimed at leadership summit

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.

The forthcoming compliation of speeches by Zhu Rongji.

Hong Kong's graft laws apply to Zhu Rongji's son and other members of new body

Laura Cha Shih May-lung. Photo: Nora Tam
Jiang Zemin

Retired life comes easy for China's former leaders

"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.

18th Party Congress

Jiang Zemin leads show of strength by party old guard at 18th congress

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