China reflects on the economic legacy of former Premier Zhu Rongji, whose tenure in the 1990s reshaped the nation's financial and industrial landscape through aggressive market-oriented restructuring, state-enterprise rationalization, and integration into global trade.
Zhu, known for tackling inflation and modernizing China's banking and tax systems, left a structural blueprint that propelled decades of rapid growth. Current policymakers face the ongoing challenge of balancing state control with market forces as the world's second-largest economy navigates structural slowdowns and debt pressures.
