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drones halt grain exports at Russia's biggest Black Sea portHeat and record-low rivers start showing up in Europe's accountsUS inflation eases to 3.4% as the Fed stays splitIEA and OPEC cut oil forecasts as Hormuz stays shutBank of America pledges $250bn for AI and energy infrastructureIsrael resumes Gaza strikes and rules out any withdrawalChinese-Indonesian frigates end drill east of Taiwan as Beijing rejects missile rebukeBeijing evacuates thousands as Typhoon Dolphin's remnants drench northern ChinaPutin threatens European ships as NATO blames Russia for dronesSettlers hold Qusra siege as Israeli troops pull backBlack Sea shipping costs hit record as Ukraine cuts grain export forecastLake Kariba ferry death toll rises to at least 44Zhu Rongji, architect of China's market overhaul, diesChina's EV share tops 60 percent at home as carmakers shift output abroadSuspected RSF drones strike Khartoum, Atbara and Al ObeidEU and 32 states condemn Iran's executions of protestersPoland says medical data of 19 million people stolen in cyberattackTurkey visits both Libyan camps as drones cut Zawiya powerPentagon counts 153 civilian deaths in Yemen strikes as Houthis hit Red Sea shippingRussian GDP beats forecasts as fuel rationing returnsColombia joins US coalition against drug cartelsCanada weighs accepting US auto tariffs as Mexico seeks reliefUS-China investment board stalls before Trump-Xi meetingWHO warns against Trump's childhood vaccination overhaulRussia's Supreme Court bars only antiwar party from Duma electionIraq and US finalise anti-ISIS coalition withdrawalRecord El Niño hits three continents as USDA cuts US corn yield forecastOil from grounded shadow-fleet tanker reaches Oman's beachesChinese censorship reported in US AI answers as DeepSeek targets Claude CodeMorocco tightens Ceuta and Melilla borders after new online calls for crossingsErdogan invites more countries to join Mecca defence pactUS and Japan plan world's deepest undersea mineNew York opens sweeping investigation into Polymarket and KalshiSyria protests to UN over Colombia's recognition of Israeli Golan claimGermany approves sweeping new powers for its intelligence servicesUS Treasury drops enforcement of shell-company ownership rulesICE to buy electric-shock gloves worth up to $20mNorway's oil fund posts record half-year profitGreenland forces Trump-linked oil firm to delay Arctic drillingLebanese firefighters accuse Israel of setting forests alightTurkish business groups expect investment boost from PKK lawBritain plans safeguards against AI-assisted bioweaponsApple in talks to pay publishers for Siri training dataAnthropic in talks to buy Decart for $6bnBrazil orders Discord to suspend live streams after teenager's suicideFormer Guerrero governor charged over 43 missing Ayotzinapa studentsUS judge dismisses fraud charges against AdaniNigeria offers deep offshore tax breaks to draw $50bn in oil investmentPentagon inspector warns of severely degraded US bases in the PacificUkrainian drones beat US forces in joint exerciseEuropean grid operators anticipated drop in solar output during eclipseMedia groups sue Trump over paid access to presidential postsZelensky's Belgrade shell deal overshadowed by Kosovo remarksZambia votes with copper revenues and civil liberties on the ballotDrone-equipped attackers target Ecuadorean fishing boats in the PacificGoogle says Gemini has passed one billion monthly usersAustralia bails out Rio Tinto aluminium smelter with $1.8bnTata Sons chairman to step down as group shares fallThailand suspends new gun permits after school shooting
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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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