Word: rongji
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...brainchild of activists impatient with the "middle-path" approach. One of them, Tenzin Tsundue, now in detention in India, has been a longtime supporter of more fervent resistance. In 2002, he made news by scaling 14 stories of scaffolding of a Mumbai five-star hotel when Chinese Premier Zhu Rongji was inside. "Some would say there is a disconnect between young Tibetans and our political leadership, and that it would help if the Dalai Lama moved toward a sterner position - possibly say China better get serious about the talks or walk out," says Lhadon Thetong, executive director...
...clout that after 15 years of contentious negotiations to allow China into the World Trade Organization in 2001, U.S. officials handed off the final sticking point--access to the insurance markets--to...Greenberg. After some tough meetings, he put his demands in a terse letter to Chinese Premier Zhu Rongji, who after reading them angrily summoned one of his top trade representatives and, according to that official, declared, "I would never, never see this...
...China has suffered previous boom-and-bust cycles in its transition from communism to capitalism. In 1994, GDP growth exceeded 11% and inflation soared to 24%. To restore economic stability, the then Vice Premier and central bank governor Zhu Rongji choked off bank loans to cool runaway borrowing and spending. The subsequent slowdown threw millions of mainlanders out of work, but because China was relatively isolated from the global economy, few other countries shared the pain. Today, a sharp contraction in China would have much wider impact. The mainland is one of the world's largest manufacturing bases...
...SENTENCED. WANG XUEBING, 51, former Bank of China president, to 12 years' jail for accepting bribes; in Beijing. Wang, once a protégé of former Premier Zhu Rongji and a proponent of Chinese banking reform, ran the bank's New York branch during a period when a borrower defaulted on $34 million in fraudulent loans. The bank had to pay $20 million in fines to U.S. and Chinese regulators, but won $106.4 million in a lawsuit against the client...
...aroused concern on the mainland that democracy would draw the island further away from unification, Beijing reacted angrily by lobbing missiles over the Taiwan Strait. Four years later, the pro-independence background of Taiwan's current President Chen Shui-bian elicited a televised harangue by former Chinese Premier Zhu Rongji on the eve of the presidential polls. But during this year's presidential walk-up, China has been strangely quiet, even though some of Chen's policies, such as a push for a new constitution, arouse suspicions that he is laying the groundwork for independence...