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as Yemen war widensSteel plant blast in western Turkey kills at least 16Krakow gunman dies in hospital as Poland disputes motive and securityKirishi refinery burns as Russia hits Ukraine's grid and Dnipro bridgesFrance blames Iran's Revolutionary Guards for supermarket fridge hacksCOP31 opens in Antalya without US delegation as UN warns of record heatSand embankment collapse kills five as storm floods Gaza campsBrent falls to 10-week low as Trump plays down new Iran strikesTrump expects trilateral meeting with Xi and Putin at China summitAsian and European stocks rebound after AI selloff, but caution remainsFire in Taiyuan high-rise kills 14Nvidia opens board probe after CEO Huang admits affair with suspected Chinese agentHouse faces Hegseth impeachment vote as Trump shifts on deportationsChina extends tariff and export-control pauses on US as Shenzhen summit nearsSenegal boat sinking toll rises to at least 39 as Canaries declare migrant emergencyGreece recovers dead migrants off Crete as coast guard rescues more than 100 peopleLeaked Rosstat data suggests more than 400,000 Russians killed in UkraineANC posts worst local election result since 1994Norway's Statnett pauses new grid capacity for data centresFrance brings forward 1.6% minimum wage rise as unions call it insufficientParaguay raids ex-president Peña's mansion in Ueno Bank investigationMore than 50,000 displaced by deadly Ethiopia border clashesPressure grows on Egypt's transport minister after deadly train crashMerz threatens to block EU budget unless all members back Ukraine fundingNetanyahu and Eisenkot compete for coalition partners in IsraelUniCredit posts record profit and plans earlier Commerzbank-HVB mergerRace to succeed Lagarde at the ECB heats upEuropean power prices top €600 as wind output slumpsEbola trials start in Bunia as patients flee militant attackMexico arrests alleged senior Jalisco cartel leader 'R2'Novaya Gazeta closes, citing government clampdownKhor Mor gas field hit by renewed attacks in Iraqi KurdistanIsrael approves first 250 foreign troops for Gaza forcePope Leo presses Milei on economy as huge crowds gather in Buenos AiresOusted Bangladesh leader Hasina applies for new passport to return from exileChina's producer inflation hits four-year high as oil costs biteEU plans crackdown on addictive social media and AI chatbot features as Meta rolls out age checksCyprus leaders agree to open two new crossingsColombia's ombudsman warns of violence in southern Bolivar after army base attackAnthropic unveils new Fable and Mythos models as IPO waiting period expires
Bota
Symbolic image: Zhu Rongji, architect of China's market overhaul, diesSymbolic image

Zhu Rongji, architect of China's market overhaul, dies

7 sources

Former Chinese premier Zhu Rongji died of illness in Beijing on Wednesday, aged 97 by most accounts. He drove the overhaul of China's state sector and its entry into the World Trade Organisation.

Xinhua announced the death of the man the media called China's economic tsar; the Global Times gave the time as 11:06 a.m. and his age as 98. Named vice-premier in 1991 after serving as Shanghai's mayor, he took personal charge of central banking, financial regulation, agricultural policy and a state sector he considered bloated and corrupt, the Wall Street Journal writes. As vice-premier and then premier until 2003, he revamped the tax system, fought corruption and restructured state firms at the cost of widespread job losses, the South China Morning Post reports. At a press conference in 1998 he pledged to forge ahead "unswervingly", whether what lay ahead was "a minefield or a deep abyss".

Tributes from Hong Kong

Hong Kong Chief Executive John Lee Ka-chiu said late on Wednesday he was profoundly saddened, thanking Zhu for backing the city's development and the "one country, two systems" principle. Lee credited him with helping Hong Kong hold its place as an international financial centre through the 1997 Asian financial crisis.

A changed country

The Economist headlined that his death is a reminder of how much has changed in China, while The Hindu noted that he also pushed ties with India.

Other opinions

The Global Times ran only a short death notice without any assessment of the reforms, while American, British and Hong Kong outlets present Zhu as the architect of China's market turn.

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