Word: rongji
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Dates: during 1990-1999
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After reading the comments of Singapore's Lee Kuan Yew on China's Premier Zhu Rongji, Asian values and Confucianism, I gained considerable new insight into the Asian world [WORLD, March 16]. I found myself thirsting for more wisdom from this remarkable man, particularly for a more detailed critique of the roles of the U.S. and the IMF in ameliorating the Asian crisis. Singapore is indeed fortunate to have such a leader. ERIK C. LARSEN Winter Park...
...first time Chinese Vice Premier Zhu Rongji made his presence felt in the U.S. was back in 1985, when American Motors' high-profile, $24 million China investment, Beijing Jeep, was on the verge of collapse. Don St. Pierre, who headed the venture, appealed to a series of Beijing officials for help but got no response. Back in Detroit, where he had been summoned for a crisis conference, he suddenly received a telex from Zhu, then the obscure vice chairman of the State Economic Commission. "Please send a high-level delegation to China immediately, and we will solve this problem...
TIME: Is Zhu Rongji the only one who can reform China's economy...
...Rongji's job description when he is appointed premier during China's annual legislative session, which begins Thursday, may sound like cruel and unusual punishment, but Zhu's résumé might just be equal to the challenge. Credited with everything from taming inflation in three years to being the driving force behind Shanghai's economic miracle, Zhu is widely admired in the West as a whip-cracking manager open to innovation, and as a man of his word...
Underlining that fact, one of the company's public relations videos highlights endorsements from Jiang, Vice Premier Zhu Rongji and Shanghai mayor Xu Kuangdi. SIHL's chairman, Cai Lai Xing, 55, an economist, helped prepare Shanghai's economic blueprint for the 21st century, and managing director Zhuo Fu Min, 45, was involved in reforming the city's state-owned enterprises. Zhuo nonetheless downplays political connections as the key to the company's success. Says he: "SIHL makes investments based purely on business...