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Andrew Batson — The Jiang Zemin Consensus

Summary:
Former Chinese leader Jiang Zemin, who died Wednesday at the age of 96, managed to be underestimated for most of his life, despite rising to exalted heights. He was not considered an inspiring figure when Deng Xiaoping plucked him from Shanghai to run the government after the 1989 purge, and in accounts of the pivotal economic reforms of the 1990s he is often overshadowed by the charismatic and decisive Zhu Rongji.Yet looking back, it seems clear that Jiang was responsible for establishing many of the basic political and economic contours of contemporary China.…A short look at one of the key players in Deng's reforms that led to the fact pace of China's development over the past forty years.Andrew Batson's BlogThe Jiang Zemin Consensus Andrew

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Former Chinese leader Jiang Zemin, who died Wednesday at the age of 96, managed to be underestimated for most of his life, despite rising to exalted heights. He was not considered an inspiring figure when Deng Xiaoping plucked him from Shanghai to run the government after the 1989 purge, and in accounts of the pivotal economic reforms of the 1990s he is often overshadowed by the charismatic and decisive Zhu Rongji.

Yet looking back, it seems clear that Jiang was responsible for establishing many of the basic political and economic contours of contemporary China.…

A short look at one of the key players in Deng's reforms that led to the fact pace of China's development over the past forty years.

Andrew Batson's Blog
The Jiang Zemin Consensus
Andrew
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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