Some thoughts on Zhu Rongji (1928-2026): Zhu is an often-misunderstood figure. He reflected the paradoxes of reform-era China: – the pursuit of rapid economic growth paired with enduring political control, – the desire to gain the benefits of markets and trade while limiting chaos and vulnerability, – engaging with the international system but always on China's terms. Zhu was a technocrat whom Deng Xiaoping elevated to the center of China's economic policymaking in the 1990s. “Don’t think that a planned economy is definitely socialism and a market economy is definitely capitalism,” Deng wrote in a 1991 commentary that Zhu helped coordinate along with Deng's daughter. “Both are means [to an end], and the market can also serve socialism.” (I discuss this further in Never Turn Back Deng reportedly said, “The current leadership do not know economics. Zhu Rongji is the only one who understands economics.” Yet that's only part of the story. Zhu confronted challenges at home and abroad—from handling China's large rural workforce to navigating American political opposition to China's WTO accession—to which Deng had offered no clear roadmap. And his way of handling them was very different than the economic policies of the 1980s, as @YashengHuang has shown. It's equally important to reckon with the fact that American portrayals of Zhu as a liberal reformer were often too broad, emphasizing his enthusiasm for markets while overlooking his commitment to a strong state and Communist Party rule. Zhu himself bristled at Western efforts to fit him into familiar liberalizing archetypes. Zhu once exclaimed, “I’m not China’s Gorbachev. I’m China’s Zhu Rongji.” Even on the economy, he firmly ruled out the widespread privatization of SOEs in ways that some Americans did not grasp: In one awkward exchange with former President George H. W. Bush, Zhu noted that China was not privatizing state firms but simply turning them into modern corporations, but Bush winked and replied confidently, “We know what’s going on.” Zhu Rongji's legacy for both China and the United States is more complicated than it appears. Internationally, his greatest achievement was steering China into the WTO with American support. At the time, he skillfully framed the WTO question as about the future of the United States rather than the benefits to China. “President Clinton said that if we don’t approve [the China trade deal] now, [Americans] will probably regret it 20 years later,” Zhu said in March 2000. “I can add that it’s not just 20 years later. I’m afraid that thousands of years later, when the American people look back on this history, they will also regret why they made this mistake at the time and sigh.”  The irony today is that many American leaders "look back on this history [and] sigh" precisely because their predecessors did approve the deal. More on that in a new book I’m writing. Yet his legacy remains malleable even inside China—standing, for some, as a symbol of a more reformist and outward-looking era in China's past, very different from the country today.

Professor Hengshuang Zhao of HKU’s School of Computing and Data Science has been selected as one of MIT Technology Review’s "35 Innovators Under 35 China”! A frontier pioneer in the field of Physical Intelligence, Professor Zhao has established a general framework for Physical Intelligence spanning two to three dimensions, perception to understanding, and virtual environments to physical reality, helping lay the technical groundwork for visual, spatial, and embodied intelligence worldwide. His achievements include: PSPNet, which has been cited over 20,000 times as a foundational framework for semantic segmentation; The Point Transformer series, which has the potential to reshape 3D backbone networks; The Depth Anything series, which has been integrated into industrial ecosystems such as Apple Core ML, bringing physical spatial perception to billions of intelligent devices; Systems like DriveGPT4 and GPT4Point, which are propelling AI from "perceiving" and "understanding" the world toward "transforming" it. Congratulations to Professor Zhao! 🎉 #hku# #UniversityofHongKong# #HKUExcellence# #computerscience# #tech# #MITTechnologyReview# #TR35China# #港大# #香港大學#