Zhu Rongji

Zhu Rongji was born in Changsha, Hunan, on 23 October 1928 to a family of intellectuals and wealthy landowners. According to family tradition, his family was descended from Zhu Yuanzhang, the first emperor of the Ming dynasty. His father died before he was born, and his mother died when he was nine. Zhu was subsequently raised by his uncle, Zhu Xuefang, who continued to support Zhu's education. Zhu was educated locally, and after graduation from high school he attended the prestigious Tsinghua University in Beijing. He graduated with a degree in electrical engineering and joined the Chinese Communist Party (CCP) in 1949, the same year that Mao Zedong proclaimed the People's Republic of China. In 1957, during the Hundred Flowers Campaign, In the late 1950s his family was also persecuted for their pre-revolutionary status as wealthy landowners, and their family mansion was destroyed. From 1976 to 1979. he worked as an engineer in the Ministry of Petroleum Industry, and served as the director of the Chinese Academy of Social Sciences' Industrial Economic Bureau. As he became increasingly able to meet and make connections with foreign academics and world leaders, he was able to promote a close academic relationship between Tsinghua and M.I.T. Later in his career, he gained a reputation as a mentor to subordinates, a habit that observers interpreted as a product of his position as an educator at Tsinghua. in 1986 ==Political career in Shanghai==

In 1988, after mayor Jiang Zemin became Party Secretary of Shanghai, Zhu was promoted to work as the mayor of Shanghai, which was then China's largest, most industrially developed, and wealthiest city. During Zhu's term as mayor of Shanghai he oversaw large, rapid improvements in telecommunications, urban construction, and transportation, especially in Pudong, a large and high-profile special economic zone. In 1990, Zhu led a delegation of Chinese mayors to meet with local and national political and business leaders from the United States, attempting to maintain and improve political and business relationships. It was the first high-profile group from China to visit the United States since the suppression of the 1989 protests. Some of the officials Zhu met on the visit included Richard Nixon, Henry Kissinger, Bob Dole, and Nancy Pelosi. During the visit Zhu gave unscripted speeches in Chinese and English, and was praised by American journalists, politicians, and business leaders for his frankness, openness, energy, and technical background. Although he demonstrated a desire and ability to enact large, thorough legal and economic reforms, and political reforms aimed at making the Chinese government more efficient and transparent, Zhu made it clear that he did not support dramatic political change. At a press conference during his 1990 trip to the U.S., Zhu stated, "You have your system of democracy, and we have our system of democracy. But that does not mean we have nothing in common." ==Vice Premiership==

Overview In 1991, largely due to his success in managing the development of Shanghai, His first issues after arriving in Beijing were to restructure the debts owed by state owned enterprises, and to simplify and streamline the process by which farmers sold their grain to the government. Zhu was able to enact relatively far-reaching reforms largely via the broad support of Deng Xiaoping, who noted that Zhu "has his own views, dares to make decisions, and knows economics." When a global recession occurred in 1992, China was challenged with excessive investment in fixed assets, excessive monetary supply, and chaotic financial markets. As the director of the central bank and the vice-premier and head of the State Council Economic and Trade Office, Zhu resolved these issues by limiting monetary supply, eliminating duplicate low-tech industrial projects, devaluing the Chinese currency, cutting interest rates, reforming the tax system, That Zhu's reforms had quickly gained wide support within the central government was made clear at Li's confirmation process during the Party's 1992 convention: although Li's appointment was already agreed upon by China's top leadership, Zhu received a relatively large and unusual protest vote by many of the Party delegates. Throughout Zhu's term as both vice-premier and premier, Li was successful in blocking Zhu from introducing regulation or government oversight over China's power companies, Zhu once used the term "patriotic organizations" in a speech in the mid-1990s to describe the triads, citing their history as secret societies in resisting foreign invaders and playing a key role in Chinese history. This was interpreted by some observers as indicating a cultural connection between the triads and the Communist Party. Contributions to socialist market economy Zhu was an advocate for markets while also viewing the state's role in setting the strategic direction of markets as indispensable. Zhu frequently argued in favor of indirect economic instruments, for example at the June 1993 Dalian Conference, although he also viewed central government directives as a viable tool. Zhu's first task was to regain central control over the country's burgeoning yet dangerously decentralized tax revenues. Before reforming China's tax system he went in person to each province in China to sell a new "tax sharing" idea modeled on the U.S. federal tax system. Under this new policy, revenue from provinces would go first to Beijing, and then portions would be returned to the provinces. Following the introduction of this tax system, the central government's cut of total revenue increased by over 20% in a single year, balancing the central budget and putting Beijing's resources on track to reliably increase over time. In order to manage China's financial affairs he appointed himself governor of the People's Bank of China with jurisdiction over monetary policy and financial regulations, bringing the highly decentralized banking system more closely under Beijing's control. Zhu's next task was to deal with China's four colossal state-owned banks, which had accumulated billions of dollars in nonperforming loans due to profligate local lending to unprofitable state-owned enterprises (SOEs). He quarantined these bad loans in newly created "asset-management companies", and recapitalized the banks through government bonds in a restructuring strategy. After his promotion to premier in 1998, Zhu saved the biggest SOEs and allowed thousands of other small and medium-sized firms and factories to go under, assuming that new growth in the private sector could alleviate any surge of unemployment. This strategy resulted in millions of workers losing their "iron rice bowl" guarantees of cradle-to-grave employment, health care benefits, and pensions. Zhu challenged managers to base salaries on performance and market competitiveness and made profitability and productivity determining factors in managerial and executive promotions within surviving SOEs. Zhu abolished Foreign Exchange Certificates in 1994, which China had used as a parallel currency system for foreigners. Zhu also had an important role in reducing inflation. ==Premiership==

(1999) Zhu was chosen to become China's fifth premier in March 1998, largely due to his success in managing large macroeconomic projects. Early in his term he began a programme of privatization that lasted throughout his period in office, during which China's private sector experienced rapid growth. He responded to the 1997 Asian financial crisis by dramatically reducing the size of the state bureaucracy, During the crisis he refused to devalue the Chinese yuan, and angrily defended his decision when some international leaders suggest that he do so. Following the crisis, Zhu advocated improving international financial markets in order to prevent harmful market speculation. The economic policy role of the State Development and Planning Commission decreased. Zhu introduced limited reforms in China's housing system, allowing residents to own their own apartments for the first time at subsidized rates. At one time he was reported to have read 16,000 letters a year, sent to him by aggrieved citizens, in order to get a better understanding of the circumstances of ordinary Chinese people. Zhu, along with his successor Wen, attempted to set limits on the power of local officials to levy miscellaneous service charges and fees in order to protect farmers from indiscriminate taxation by corrupt officials. Cross-strait relations In a joint news conference with US president Bill Clinton, Zhu Rongji elucidated the Chinese position on three questions relating to Cross-Strait relations: i) the influence of United States Armed Forces on cross-strait relations; ii) whether there is a timetable for Chinese unification; iii) is he willing to visit Taiwan? Zhu answered that, regarding China's policy toward Chinese unification, he would not comment further and pointed to previous statements by CCP general secretary Jiang Zemin. He claimed that China had upheld the one country, two systems principle and preserved a high degree of autonomy in Hong Kong and compared Taiwan to Hong Kong, noting that China allows Taiwan to retain its own army, and was prepared to let the leader of Taiwan become the deputy leader of China in the event of unification. Zhu's position on Taiwan changed over the course of his time as premier. During the 2000 ROC presidential election in Taiwan, Zhu warned Taiwanese voters not to vote for the DPP, which favors distancing Taiwan from China, stating, "those who are pro-Taiwan independence will not have a good ending." His attitude towards Taiwan changed after the election. Three years later, in his farewell speech to the National People's Congress in 2003, Zhu encouraged Chinese politicians to use softer language in discussing the issue of mainland China-Taiwan relations, saying that mainland China and Taiwan should improve economic, transportation, and cultural ties in order to improve their relationship. During the speech Zhu accidentally referred to China and Taiwan as "two countries" before quickly correcting himself and referring to them as "two sides". The incident was reported in Taiwanese media as a "gaffe". Foreign affairs Romano Prodi during the 4th EU - China Summit in Brussels, Belgium (2001) Zhu started the China Development Forum in 2000. At its inception, the forum was a relatively intimate meeting between Chinese leaders and foreign experts. Zhu viewed the meeting as a stress test for leading officials, and encouraged policy debate and discussion with the foreign experts in attendance. He took the lead in negotiating China's entry into the World Trade Organization, which the country achieved in 2001 to domestic and international acclaim. Joining the WTO opened China to increased foreign investment, but also required it to conform to international conventions of trade, intellectual property, and environmental management. Zhu expected that China's entry into the WTO would lead to economic expansion, but also hoped that entering the WTO would force economic and legal changes within China that Zhu himself had little power to implement. == After retirement ==

Zhu retired from his position as member of CCP Politburo Standing Committee in November 2002 and premier in March 2003 respectively, when he was replaced by Wen Jiabao. but he retained ties with Tsinghua University, where he continued to make numerous visits during ceremonies and special events. In 2014, he wrote a rare public letter for the 30th anniversary of Tsinghua School of Economics and Management, but was not able to attend due to poor health. Since he left office, Zhu has written and has been the subject of numerous books. Zhu's first book, Zhu Rongji Meets the Press, a collection of speeches and interviews with foreign and Chinese journalists and officials, was released in 2009 Henry Kissinger wrote that the translation of his books into English represented a significant contribution to Sino-US relations and promoted international understanding of Chinese culture and politics. One Western biography of Zhu encouraged leaders in other developing countries to study and emulate his reforms, and compared his influence on practical economic theory to that of Keynes. ==Personal life==

Zhu Rongji has been recognized as a good public speaker and was notable during his career for his proficient command of English. He often made public speeches without the aid of a script, and when he did so his speeches were said to be entertaining and dramatic. His wife, Lao An, once served as the vice-chairman on the board of directors of China International Engineering and Consulting. She and Zhu attended two schools together, first at the Hunan First Provincial Middle School, then at Tsinghua University. They have two children, a son and a daughter. He was once the president and chief executive officer of one of China's most successful investment banks, China International Capital Corp. Their daughter, Zhu Yanlai, was born in 1956. She is currently the assistant chief executive for the Bank of China (Hong Kong), and holds a seat in the National Committee of the Chinese People's Political Consultative Conference. ==Legacy==

Junichiro Koizumi and South Korean President Kim Dae-jung. Zhu's premiership, especially related to free-market reforms, was controversial. Before his retirement Zhu publicly acknowledged that he had not been able to complete many of his desired reforms before his term ended. In 2003, he gave a 90-minute address to several thousand delegates in the Great Hall of the People, outlining the "outstanding difficulties and problems" which he expected his successor as premier, Wen Jiabao, would have to face. After Zhu retired, Wen attempted to continue many of the reforms that Zhu had conceived and designed, creating and increasing the powers of independent regulatory commissions and restructuring the bureaucracy on the basis of merit. Some of Zhu's reforms were reversed under the leadership of Hu Jintao, and other reforms he hoped would be addressed by the incoming administration were not implemented. Notably, state-owned enterprises were allowed to regrow and keep a critical place in the Chinese economy, and large areas of the banking sector remained unregulated. Hu may have reversed the Chinese government's previous position and promoted state-owned enterprises in an effort to promote social stability. Among the international leaders he met and negotiated with as premier, he gained a reputation for intelligence, energy, impatience for incompetence, shrewdness, and as a person who must be respected, even among those who disliked him. Journalists noted his proficient command of English and his "disarming" sense of humor. Zhu publicly supported CCP general secretary Xi Jinping's anti-corruption campaign in which Wang played a major role. He did not appear in the 70th anniversary of the PRC on October 1, 2019, 22 days before his 91st birthday. He also did not appear in the 100th anniversary of the CCP on July 1, 2021. He was absent with the former CCP general secretary Jiang Zemin and former CCP Politburo member Luo Gan. He celebrated his 92nd birthday on 23 October 2020, during the COVID-19 pandemic. ==See also==