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Ex-Chinese Premier Zhu Rongji, who drove economic reforms and led China into the WTO, dies at 97 (Business)
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Business NewsEx-Chinese Premier Zhu Rongji, who drove economic reforms and led China into the WTO, dies at 97Ex-Chinese Premier diesFormer Chinese Premier Zhu Rongji, the impatient, sharp-tongued reformer who helped ignite China’s explosive economic boom by forcing wrenching change on state industry in the 1990s and leading the country into the World Trade Organization, has died of illness, state media reported Wednesday.
Zhu clashed with Communist Party conservatives and state industry bosses as he pushed state-owned companies to become efficient and profitable.
Those changes helped to keep economic growth above 8% a year from 2000 to 2010, peaking at 14.2% in 2007.
Zhu led efforts to secure WTO membership following marathon negotiations that began in the 1980s.
Their son, Yunlai, also known as Levin Zhu, is a former CEO of China International Capital Corp., a government-owned investment bank.