China’s Economic Rise: Key Reforms (1998-2003)

Former Chinese Premier Zhu Rongji has died at the age of 97, according to reporting from Le Monde. Zhu served as premier from 1998 to 2003 under then-President Jiang Zemin, leading structural reforms that helped drive China’s economic expansion during a critical period of global integration.

Economic Reforms Under Zhu Rongji

During his tenure as premier, Zhu directed major economic transformations that reshaped state-owned enterprises, modernized the banking sector, and prepared China for entry into the World Trade Organization in 2001. According to historical reporting from Le Monde, these administrative and financial policies contributed significantly to the country’s rapid industrial growth and integration into the global economy at the turn of the century.