As I see it | Was the late Zhu Rongji responsible for the original ‘China shock’?
- Posted on August 14, 2026
- By South China Morning Post
- 1 Views
- 1 min read
In brief
Examining the economic policies of former Chinese Premier Zhu Rongji and their profound impact on global markets. This analysis explores how China's market liberalization and competitive manufacturing costs fundamentally disrupted Western economies, as multinational corporations prioritized profit margins over domestic employment. The article investigates the geopolitical and economic consequences of this strategic shift, questioning whether individual policymakers or systemic market forces bear greater responsibility for reshaping international trade dynamics.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
As I see it | Was the late Zhu Rongji responsible for the original ‘China shock’?
US and other Western multinationals were all chasing the lowest price that China offered – and willing to sacrifice jobs for easy profits.
