Zhu Rongji reforms fuel China’s economic transformation

Zhu Rongji's passing marks the end of an era for China's economic history. As a key architect of the country's economic reforms, he led China into the World Trade Organization in 2001, sparking an export-driven boom that catapulted China to the world's second-largest economy. His tenure saw significant market reforms, including the closure of numerous state-owned enterprises and the layoff of millions, which helped streamline the economy. His contributions underscore the transformative power of strategic economic policies in shaping a nation's global standing.