Zhu Rongji and the transformation of modern China

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Wiley Eastern, 2002 - Political Science - 302 pages
China's astonishing transformation from a centrally planned to a market economy was one of the most remarkable stories of the twentieth century. It has set the stage for what many see as a period of unparalleled future growth. During this spell of delicate and risk-fraught economic transition, one defining figure stands out as the true driving force - Zhu Rongji.

A remarkable visionary, Zhu has consistently refused to follow the conventional wisdom of established economics. Instead, he has developed a unique approach for a unique situation. Author Laurence Brahm tells the inside story of Zhu's rise to power, the political obstacles that he has overcome and the policies that he has engineered to set China on a new path. While other developing countries such as Russia, have floundered badly, China continues to excite the world with its phenomenal growth. Brahm skillfully argues that Zhu's policies of managed marketization deserve international recognition as a new economic model for both developing and transitional economies.

In Zhu Rongji and the Transformation of Modern China, Laurence Brahm provides a fascinating inside account of the man dubbed an "economic czar" by many western commentators. This is the untold story of Zhu and his strategies, and the key events that have shaped China into a modern nation and economic powerhouse.

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Contents

Managed Marketization
1
Anatomy of Triangle Debt
36
Death of an Irregular Financial Institution
67
Copyright

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About the author (2002)

Laurence J. Brahm, CEO of Naga Group, is a political economist and lawyer by profession. He resides in Beijing where he has served as investment strategist for Fortune 500 multinational s in China spanning two decades, making him a hands-on witness to China's reforms. His independent views on China's economy are sought by both the international business community and within China's own government circles.
His work as a government strategist for a number of transitional economies in Asia during the 1990s included advising on financial and enterprise reforms for the Lao, Vietnamese and Chinese administrations.
He is the author of over twenty books on China including: China's Century: The Awakening of the Next Economic Powerhouse, China as No.1 and Red Capital. His unique viewpoint has challenged conventional ideas and offered new perspectives for evaluating and interpreting China's economic development and social transformation. He is frequently interviewed by international media concerning current issues relating to China's economy, financial reforms and business trends.

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