Observers Speculate over Zhu Rongji’s Latest Public Appearance
The Third Plenary Session of the 18th Chinese Communist
Party (CCP) is scheduled for November 9.
Tsinghua University website posted that Zhu Rongji,
former Premier, and Wang Qishan, secretary of the Central
Commission for Discipline Inspection, met with advisory
board members of Tsinghua University
School of Economics and Management (SEM).
Zhu was accompanied by other reformists’ financial officials.
Analysts say that Zhu’s high-profile appearance likely
connects with the “deepened reform" agenda at the upcoming CCP meeting.
On October 29, the CCP officially announced that the Third
Plenary Session will be held between November 9 and 12.
The meeting will discuss major issues concerning overall
and deepened reforms.
This is the first key meeting since Xi Jinping
and Li Keqiang (Xi-Li) took office.
The meeting will confirm Xi-Li’s future economic
On Oct. 23, in a high-profile fashion, Zhu Rongji met with
advisory board members of Tsinghua SEM.
Zhou was accompanied by Wang Qishan, deputy Premier
Liu Yandong and Ma Kai, central bank governor
Zhou Xiaochuan, Minister of Finance Liu Jiwei,
heads of Financial and Economic Leading Group Liu He,
Chairman of CITIC Group Chang Zhenming,
and Executive Chairman of Alibaba Group Jack Ma.
They are mainly Zhu’s old subordinates
and reformists of Xi-Li administration.
Zhu was a herald of economic reform in China.
Since Zhu’s new book was published in August,
this is his second public appearance.
Because it is right before the Third Plenary Session,
his appearance has drawn public attention.
Liu Yinquan, US-based Professor of Chinese history:
“I think Zhu showing up in public is related to the reform.
As we know, Zhu is one
of the well-known pioneer reformists.
This time he turned up in a high-profile way,
I think it is associated with the Third Plenary Session.
The Third Plenary Session will initiate key measures
of economic reform."
However, critics argue that in Zhu’s tenure, he advocated
economic reform, causing later social problems
such as sky-high property prices and local regimes’
Also a large-scale lay off of workers during state-owned
company reform in 1990s, and healthcare as well
as educational system reform caused failure due
to the industrialization of the direction mistakes.
Wang Beiji, current affairs commentator: “In Zhu’s tenure,
he initiated economic reform favorable to
the CCP state interests and centralized power.
After the reform, China’s environment still deteriorated,
and the gap wealth widened.
The collision between officials and civilians intensified,
corruption is rampant."
Particularly over the last two years, the real estate bubble,
the local debt crisis, and capital out flowing are worsening.
Many experts speculate that China’s economic crisis will
burst, thus economic reform is the first priority for
the Xi-Li administration.
Hong Kong’s Ming Pao says that Zhu’s high-profile
appearance makes people think that nobody will push
Mainland China’s reform except “Zhu’s family.”
Wang Qishan, Ma Kai, Zhou Xiaochuan, Liu Jiwei
and Li Rongrong are Zhu’s old subordinates,
they are veritable “family members of Zhu."
Liu He is the key writer of the economic reform document
for the Third Plenary Session.
Zhu has vowed in the past when he took office that he would,
“have 100 coffins prepared.
Ninety-nine are for corrupt officials
and the last one is for myself."
Zhu’s anti-corruption system didn’t achieve the goal,
instead his allies Wang Xuebing and Zhu Xiaohua were sent
to jail on corruption accusations.
His children working in the financial sectors have been
criticized by overseas media as princelings of “money making."
Liu Yingquan says that the CCP interest groups that
monopolize the Chinese social resources will not allow
the Chinese regime’s reform to take place.
Under the one-Party dictatorship, whether it is Zhu Rongji
or Wen Jiabao who want to carry out political reform,
they are bound to face strong resistance
from the interest groups.
Liu: “During the resistance and opposition, the reform will
change its initial purpose.
For example, Zhu carried out state-owned company reform.
In the end, the CCP officials took advantage of the reform,
changing state-owned enterprises into their own."
Wang Beiji says if the CCP doesn’t implement
political reform, easing its power and returning the power
to the people, the Third Plenary Session still can’t get rid
of its cycle of CCP’s dictatorship.
The CCP will continue to use more corruption
to seize the wealth and persecute Chinese people.