When U.S. supermarket chain Walmart opened its first Chinese outlet in Shenzhen in 1996—five years before China joined the World Trade Organization—the retail landscape in the country looked vastly different. With no large-scale hypermarts, shoppers rose at dawn to snag the freshest produce at local wet markets. Yet, in the last 30 years, China’s rising
Flags at government sites are flying at half-mast and security vehicles are parked in the heart of Beijing, as China mourns former Premier Zhu Rongji. Zhu died of an illness last week at 97 and was cremated at a funeral in Beijing on Tuesday. The ceremony, attended by senior leaders including President Xi Jinping, was
Former Chinese Premier Zhu Rongji, who spearheaded China’s entry into global trade and laid the foundation for its explosive growth, has died at the age of 97. He served in the country’s second-highest office from 1998-2003 and played a leading role in securing its entry into the World Trade Organization, opening Chinese factories to the
