China's explosive transformation from a planned economy to a more market-oriented one over the past three decades owes much to the charismatic reformer Zhu Rongji. His pragmatism and strong work ethic have been key forces in China's drive to greater modernization and global stature. He served as the mayor and party chief in Shanghai from 1987 to 1991, as vice premier of China from 1991 to 1998, and then as premier until 2003. This monumental collection brings together, for the first time in English, over one hundred important speeches, articles, letters, and instructions written during his term as vice premier, when he had major responsibility for fulfilling Deng Xiaoping's vision and setting China on a new and fruitful course.
During this time, Zhu embarked on a plan to reduce the size of government and reform the heavily indebted banking system and state-owned enterprises as well as the housing and health care systems. His sweeping efforts ranged from lobbying for the establishment of stock exchanges to revitalizing agriculture through the introduction of a modern grain market. The ramifications of these reforms are still being felt throughout China and the globe, and Zhu Rongji on the Record provides a real-time look at these plans as they were being formulated during the 1990s.
These pages also reflect the forthright personality that gained great popularity with the Chinese public. Zhu vows to speak the truth and avoid ""empty talk,"" as he tells his compatriots. ""We must tackle [reform] with both hands, and both hands must be strong."" To this end, he provides lists of ""musts"" and ""mustn'ts"" that will ensure a ""soft landing"" during China's transition and calls for swift and resolute action, both in reform and in fighting corruption.
In addition to revealing the evolution of Zhu's thinking and demonstrating how he helped transform the world's most populous nation, this book provides insight into the course of China's economic refor
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Rongji Zhu
| Publication Note........................................................... | ix |
| Foreword by Henry A. Kissinger............................................. | xi |
| Foreword by Helmut Schmidt................................................. | xiii |
| Note from The Brookings Institution........................................ | xvii |
| 1991....................................................................... | |
| 1 Clearing up Triangular Debt Must Start with the Source—Fixed-Asset Investments................................................................ | 1 |
| 2 Comments on the Economic Development of Western China.................... | 17 |
| 3 Work Hard to Develop the Shipbuilding Industry........................... | 20 |
| 4 On-Time Performance Is at the Heart of Civil Aviation Service Quality.... | 25 |
| 5 Speed Up Technical Improvements and Do a Good Job at Large and Medium SOEs....................................................................... | 30 |
| 6 The Key to Controlling Redundant Construction Lies with the Banks........ | 44 |
| 7 Work Hard on the Internal Restructuring of Industries.................... | 48 |
| 1992....................................................................... | |
| 8 On Comprehensively and Correctly Understanding the Spirit of Deng Xiaoping's Talks in Southern China......................................... | 53 |
| 9 On Being a Scholar and Being a Person.................................... | 69 |
| 10 Quality Is the Lifeblood of Enterprises................................. | 70 |
| 11 Raising Labor Productivity Is the Key to Turning around Losses and Improving Efficiency in the Coal Sector.................................... | 83 |
| 12 Speech at a Symposium on Stock Market Pilot Programs in Some Provinces and Cities................................................................. | 92 |
| 13 Guangdong's Practice Demonstrates the Success of the Policy of Reform and Opening Up............................................................. | 102 |
| 14 Some Comments on the Current Economic Situation and Macroeconomic Controls................................................................... | 109 |
| 1993....................................................................... | |
| 15 Speed Up Railroad Construction and the Pace of Reform................... | 123 |
| 16 Implement Genuine Separation of Government and Enterprises.............. | 131 |
| 17 Thirteen Measures for Strengthening Macroeconomic Controls.............. | 133 |
| 18 "Three Ground Rules" for Financial Work................................. | 144 |
| 19 Rectify the Fiscal and Tax Order, Step Up Fiscal and Tax Reforms........ | 155 |
| 20 Eight Measures for Solving the Shortage of Funds........................ | 171 |
| 21 Tax Streaming Will Promote Guangdong's Development...................... | 177 |
| 22 Letter to Jiang Zemin, Li Peng, and the Standing Committee of the Politburo on Implementation of the Tax-Streaming System.................... | 189 |
| 23 Establish Environmental Awareness among All the People.................. | 194 |
| 24 Summation Speech at the 1993 National Conference on Economic Work....... | 198 |
| 25 Stabilize Grain and Oil Prices and Steady the Market Supply............. | 218 |
| 1994....................................................................... | |
| 26 A Conversation with U.S. Secretary of the Treasury Lloyd Bentsen........ | 232 |
| 27 Revenues from Land Sales Should First Be Used to Relocate Displaced Households................................................................. | 240 |
| 28 Taking a Critical Step Forward in Financial Reforms..................... | 241 |
| 29 Establish a Social Security System with Chinese Characteristics......... | 256 |
| 30 A Conversation with Alan Greenspan, Chairman of the U.S. Federal Reserve Board.............................................................. | 259 |
| 31 Strengthen Management of the State's Forex Reserves and Foreign Debt.... | 267 |
| 32 A Letter to Central Government Leaders on the Report by the National People's Congress on Implementation of the Agricultural Law................ | 272 |
| 1995....................................................................... | |
| 33 A Conversation with Japanese Finance Minister Takemura Masayoshi........ | 274 |
| 34 On Current Monetary Policy.............................................. | 280 |
| 35 On Economic Work in Beijing............................................. | 283 |
| 36 A Memorable Two Years as Governor of the Central Bank................... | 286 |
| 37 Thoughts on How Xinjiang Should Develop Its Economy..................... | 292 |
| 38 Congratulations to Mr. Chen Daisun on His 95th Birthday................. | 302 |
| 39 Letters and Petitions Are an Important Channel for Gaining a Sense of the People................................................................. | 305 |
| 40 Take Effective Measures to Lift Impoverished Areas out of Poverty....... | 309 |
| 1996....................................................................... | |
| 41 Selling Off Small SOEs Is Not a "Miracle Cure".......................... | 315 |
| 42 Adjust and Refine Processing Trade Policy............................... | 322 |
| 43 Do a Good Job of Opening Up the Financial and Insurance Market to the Outside.................................................................... | 329 |
| 44 On Enterprise Bankruptcy and Capital Restructuring...................... | 334 |
| 45 Some Issues in Macroeconomic and Tax Work............................... | 342 |
| 1997....................................................................... | |
| 46 Forcefully Promote Enterprise Reforms and Actively Implement Reemployment Projects...................................................... | 366 |
| 47 What to Do after a Bumper Harvest....................................... | 375 |
| 48 On Reform of the Housing System......................................... | 382 |
| 49 A Conversation with Alan Greenspan, Chairman of the U.S. Federal Reserve.................................................................... | 391 |
| 50 Having a Lot of Cotton Is a Joyous Burden............................... | 397 |
| 51 Don't Start a Fad When Implementing... |
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