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.
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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