ZHU RONGJI REFORMS FUEL CHINA’S ECONOMIC TRANSFORMATION

Former Chinese premier Zhu Rongji, the driver of the nation’s economic reforms, died on Wednesday aged 97 following an illness. Zhu spearheaded China’s 2001 accession to the World Trade Organization (WTO), paving the way for an export boom that fuelled the country’s transformation into the world’s second-biggest economy.

News - South China Morning Post reports that former Chinese premier Zhu Rongji, the driver of the nation’s economic reforms, died on Wednesday aged 97 following an illness.

The report adds: Zhu spearheaded China’s 2001 accession to the World Trade Organization (WTO), paving the way for an export boom that fuelled the country’s transformation into the world’s second-biggest economy.

He also oversaw domestic market reforms that included closing hundreds of loss-making state enterprises and laying off some 30 million workers.

This report is covered across the current DAMMNEWS feeds. Economic headlines can describe an immediate market move or a longer-term change. Readers should separate the reported number from forecasts, commentary and what happens next.

This is a developing report. DAMMNEWS will surface related coverage as closely matched reporting enters the live cache.

DAMMNEWS RSS BRIEFING — generated locally from the available News - South China Morning Post headline and RSS excerpt. It is not a summary of the full source article.