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Topic: Rong Yiren


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In the News (Tue 14 Feb 12)

  
  Rong Yiren; 'Red capitalist' had communists' support; 89 | The San Diego Union-Tribune
Rong Yiren, a wealthy entrepreneur and former vice president of China who in the 1970s was asked by Deng Xiaoping to help initiate some of the nation's earliest economic reforms, died Oct. 26 in Beijing.
Rong survived the rise of the Communist Party and the dissolution of his family's empire after 1949, only to be beaten and humiliated and then allowed to re-emerge, in the late 1970s, as one of the Communist Party's favored entrepreneurs.
Rong Yiren was born in 1916, in the eastern city of Wuxi, in Jiangsu Province, one of seven sons of one of China's richest families.
www.signonsandiego.com /uniontrib/20051125/news_1m25rong.html   (768 words)

  
 Telegraph | News | Rong Yiren
Rong Yiren, who died on Wednesday aged 89, was said to be China's richest man and was his country's vice-president from 1993 to 1998; known as "the Red Capitalist", he played an important role in encouraging economic reforms under Deng Xiaoping.
Rong Yiren, one of seven sons of a textile industrialist, Rong Desheng, was born at Wuxi, Jiangsu province, in 1916.
Rong, a handsome man who was always beautifully dressed, was later reticent about the years of the Cultural Revolution, saying blandly: "I stayed at home planting flowers and studying." In fact, his children were forced to work in hard labour camps, while he himself was repeatedly denounced by the revolutionaries.
www.telegraph.co.uk /news/main.jhtml?xml=/news/2005/10/28/db2803.xml   (495 words)

  
 Guardian | Rong Yiren
Rong Yiren, who has died aged 89, was a paradoxical figure: a capitalist by birth and believed to be the richest man in China, he served in key state positions, notably as the country's vice president (1993-98) and vice chairman of the Chinese People's Political Consultative Conference (1978-83).
Rong's father and uncle were prominent capitalists in pre-1949 China, "cotton tycoons and flour kings" with extensive interests in textiles and flour milling.
On his death, Rong was officially described as an "outstanding representative of the national industrial and commercial circle in modern China", "a superb state leader" and "a great fighter for patriotism and communism".
www.guardian.co.uk /print/0,,5336077-108142,00.html   (721 words)

  
 Rong Yiren, former VP of China aided change - The Boston Globe
Rong later served as a vice premier and was named vice president in 1993, becoming China's highest-ranking noncommunist official.
Rong's death was reported Thursday evening on the national state television news, an unusual honor for a noncommunist figure.
Rong as China's richest businessman, with a family fortune estimated at $1.9 billion in CITIC shares.
www.boston.com /news/globe/obituaries/articles/2005/10/29/rong_yiren_former_vp_of_china_aided_change   (295 words)

  
 The death of China's "red capitalist" and the 1949 revolution
On October 26, Rong Yiren, a prominent member of the pre-1949 Chinese capitalist elite who supported the Communist Party government established by Mao Zedong, died in Beijing at the age of 89.
Rong Yiren was born in 1916 in eastern Jiangsu province and graduated from St John’s University in Shanghai.
Rong’s elevation coincided with the predominance in the CCP of the so-called “capitalist roaders”, of whom Liu Shaoqi and Deng Xiaoping were the most prominent.
www.wsws.org /articles/2005/nov2005/chin-n29.shtml   (2044 words)

  
 CITIC - Encyclopedia, History, Geography and Biography
Its initial aim was to "attract and utilize foreign capital, introduce advanced technologies, and adopt advanced and scientific international practice in operation and management." [1] It now owns 44 subsidiaries (mainly banks) in China, Hong Kong, the United States, Canada, Australia and New Zealand.
The founder of CITIC, Rong Yiren, is the son of one of the richest businessmen in China in the 1930s, Rong Desheng (榮德生).
Rong Yiren later became the vice-president of the People's Republic of China in 1993, and stepped down in 1997.
www.arikah.net /encyclopedia/CITIC   (220 words)

  
 Beijing This Month- Top Leaders Attend Funeral of Rong Yiren
Rong died of disease in Beijing on October 26 at the age of 89.
Rong was born to a prestigious family in the country's industrial and commercial circles in Wuxi City, East China's Jiangsu Province, on May 1, 1916.
Among the prestigious positions Rong had held since 1979 were: chairman of the All-China Federation of Industry and Commerce, honorary chairman of the Association of the Relations across the Taiwan Strait, and chairman of the China Association for Peaceful Promotion of the Reunification.
www.btmbeijing.com /contents/en/business/2005-11/newsbrief/rongyiren   (500 words)

  
 Former vice-president Rong Yiren dies
Rong, a promising national capitalist in the 1940s, gained the reputation as a "red capitalist" shortly after New China was founded in 1949.
Rong was born to a prestigious family in the country's industrial and commercial circle.
Rong was officially praised as an "outstanding representative of the national industrial and commercial circle in modern China,"a "superb state leader," and a "great fighter for patriotism and communism."
www2.chinadaily.com.cn /english/doc/2005-10/27/content_488274.htm   (330 words)

  
 Former Chinese Vice President Rong, Dies
Rong was one of China's wealthiest officials, and one of the few high-ranking leaders who was not a member of the Communist Party.
Rong fell out of favor with the Communist Party during China's 10-year Cultural Revolution, when hundreds of thousands were persecuted as "capitalist roaders" from 1966-1976.
Rong was named vice president in 1993, a largely ceremonial post that he left in 1998.
www.voanews.com /english/2005-10-27-voa12.cfm   (379 words)

  
 Rong Yiren - Wikipedia, the free encyclopedia
Rong Yiren (Simplified Chinese: 荣毅仁, Traditional Chinese: 榮毅仁; pinyin: Róng Yìrén) (born 1916 in Wuxi, Jiangsu, died in October 26, 2005 in Beijing) was the Vice-President of the People's Republic of China from 1993 to 1998 and was heavily involved with the opening of the Chinese economy to western investment.
Rong was born in 1916 in Wuxi, a town outside Shanghai in Jiangsu Province.
After graduation, Rong was assigned manage one of the family's businesses and was running all 24 mills by the late 1940s.
en.wikipedia.org /wiki/Rong_Yiren   (520 words)

  
 Rong Yiren, a Chinese Billionaire, Dies at 89 - New York Times
Rong Yiren, a Chinese Billionaire, Dies at 89
SHANGHAI, Oct. 27 - Rong Yiren, a wealthy entrepreneur and former vice president of China who in the 1970's was asked by Deng Xiaoping to help initiate some of the nation's earliest economic reforms, died Wednesday in Beijing.
Rong Yiren, left, with the Chinese president, Jiang Zemin, in Beijing in March 1998 when Mr.
www.nytimes.com /2005/10/28/obituaries/28rong.html?ex=1288152000&en=6bf9795bdcaeca9b&ei=5088&partner=rssnyt&emc=rss   (802 words)

  
 ABS-CBN Interactive
Rong, born into a rich family in eastern Jiangsu province in 1916, played a pivotal role in China's 1980s economic liberalization, when he advised then-leader Deng Xiaoping on the reforms credited with pulling a struggling China out of poverty.
But Rong was persecuted during the 1966-76 Cultural Revolution partly because of his former capitalist credentials, and rehabilitated only when paramount leader Deng took power, in the late 1970s.
Rong was elected vice state president -- a largely ceremonial post -- by China's rubber-stamp parliament in 1993, retiring in 1998.
www.abs-cbnnews.com /storypage.aspx?StoryId=20320   (855 words)

  
 Farewell to China - China Economic Review   (Site not responding. Last check: 2007-10-16)
Rong Yiren, China's former vice-president and famed "red capitalist", died in Beijing in late October the age of 89.
Rong founded the China International Trust and Investment Company (CITIC), which became one of the main investment arms of the Chinese government, with businesses at home and abroad ranging from banks to manufacturing facilities.
Rong is survived by his son Larry Yung (also known as Rong Zhijian), who heads CITIC Pacific, the Hong Kong-listed arm of CITIC.
www.chinaeconomicreview.com /subscriber/articledetail.php?id=873   (379 words)

  
 CNN.com - China's richest man worth $1.9 billion, Forbes reports - November 9, 2000
Rong and his family have net holdings of $1.9 billion, nearly a fifth of the combined estimated wealth of China's top 50 entrepreneurs, which totals $10 billion, the magazine said.
The 84-year old Rong was born in Wuxi in Jiangsu province and his family, in textiles and flour mills, was the wealthiest in Shanghai before the Communists took over in 1949.
Rong was vice president of China from 1993 to 1998.
archives.cnn.com /2000/ASIANOW/east/11/09/china.richest.reut   (565 words)

  
 FT.com / World / Asia-Pacific - Obituary: Rong Yiren, the ‘Red Capitalist’
Few men better embodied the paradoxes and ironies of modern China than Rong Yiren, the “Red Capitalist” whose death this week ended an 89-year odyssey that spanned a privileged youth, submission to communist conquerors and eventual rebirth as the country’s biggest businessman.
Mr Rong lost his first fortune, a share in the business empire created by his father and uncle, to a Communist party committed to public ownership.
Mr Rong, the state news agency Xinhua said in its obituary, was a “leading representative of modern Chinese national industrialists, an outstanding national leader, a great patriot and a communist champion”.
www.ft.com /cms/s/103cae12-47d4-11da-a949-00000e2511c8.html   (768 words)

  
 [No title]
Mr Fan said Mr Rong's son, Mr Larry Yung, the local managing director of CITIC, flew to Canada on Friday to join his father and was scheduled to return in two weeks.
However, local analysts said it was unlikely that Mr Rong, described as a rising political star, had any intention of remaining overseas.
In 1986, as doyen of the Rong family, he brought more than 100 members of his family from overseas to Beijing for a reunion, which was attended by Mr Deng Xiaoping.
www.ibiblio.org /pub/packages/ccic/cnd/cnd-us/1990.cnd-us/6.10   (1179 words)

  
 BBC News | ANALYSIS | China: Who's Hu?
The previous incumbent was a businessman, Rong Yiren, whose role was purely symbolic.
Mr Rong could hardly have expected to wield power since he was not a member of the Communist Party.
In the years since Mr Rong was given the vice presidential job, however, the state presidency has greater importance in Chinese politics.
news.bbc.co.uk /1/hi/world/analysis/66026.stm   (548 words)

  
 Fabrice Grinda: Musings of an Entrepreneur » A Eulogy to Rong Yiren
Rong’s family had created one of the largest businesses in China.
When his family fled from China in 1949 as the communists took it over, Rong stayed to run the 24 flour mills, and various dyeing, printing and textile factories he owned employing some 80,000 people.
Rong’s conglomerate now boasts assets of more than 51 billion yuan ($6.3 billion) and 200 affiliated enterprises, including airlines, Hong Kong banks, timber operations and Australian aluminum smelting.
www.fabricegrinda.com /?p=32   (306 words)

  
 Green Left - CHINA: The new capitalists: `Entrepreneurs' or robber barons?
The only exception in the list is Rong Yiren (China's vice-president from 1993 to 1998) and his family.
The Rong family are China's richest “entrepreneurs” according to Forbes.
Rong certainly has amassed considerable wealth since Deng Xiaoping invited him in 1979 to form the state-owned China International Trust and Investment Corporation.
www.greenleft.org.au /2000/430/22242   (1729 words)

  
 [No title]   (Site not responding. Last check: 2007-10-16)
At this time Rong Yiren (1916-), a native of Wuxi, Jiangsu Province, was Chairman of the Board of Directors of the China International Trust and Investment Corporation and Chairman of the All-China Federation of Industry and Commerce.
At the turn of the century his father Rong Desheng and his uncle Rong Zongjing had begun to open private banks and other businesses in Wuxi and Shanghai.
In 1956 all the enterprises of the Rong family on the mainland came under joint state-private ownership.
english.peopledaily.com.cn /dengxp/vol3/note/C0640.html   (119 words)

  
 CBS News | Larry Yung Tops New Forbes 'Rich List'
Though Citic Pacific is based in Hong Kong, Yung, also known by the name Rong Zhijian, is the scion of a Shanghai textile and flour mill family.
His father, the late Vice President Rong Yiren, stayed behind in China after the 1949 communist revolution and handed his fortune to the communists.
A funeral for the elder Rong, who died last week at age 89, was held Thursday in Beijing.
www.cbsnews.com /stories/2005/11/04/ap/business/mainD8DLFANG0.shtml   (464 words)

  
 NEWSLINE - Turkish Daily News Oct 28, 2005
Former Vice President Rong Yiren, a onetime textile magnate who joined China's communist government and helped to launch Deng Xiaoping's economic reforms, earning the nickname "Red Capitalist," has died at age 89, the government announced on Thursday.
Rong, whose family textile and flour businesses employed 80,000 people, stayed in China after the 1949 revolution and handed over his fortune to the communists.Philippine mine accident kills 18
Eighteen people were confirmed dead and as many as 50 others were missing almost a day after a cave-in at a mining site in the southern Philippine island of Mindanao, a local official said on Thursday.
www.turkishdailynews.com.tr /article.php?enewsid=26998   (258 words)

  
 Daily Excelsior... World
Former Chinese Vice-President Rong Yiren, an industrialist who played a major role in the country's economic reforms, passed away here last night, the state media announced today.
Rong, founder and president of China International Trust and Investment Corporation (CITIC) - the country's largest investment company - earned the nickname of 'Red Capitalist' from leader Deng Xiaoping in the 80s for his business acumen.
Rong's term as vice president extended from 1993 to 1998, it said.
www.dailyexcelsior.com /web1/05oct28/inter.htm   (3479 words)

  
 Chinas "roter Kapitalist" Rong Yiren ist gestorben
Rong Yiren, ehemaliger Vizepräsident der Volksrepublik China, starb bereits Mittwochnacht im Alter von 89 Jahren.
Unternehmer Rong hatte Maos Revolution unterstützt und alle seine Shanghaier Mehl-, Textilfabriken und Bankbeteiligungen in "Volkseigentum" überführen lassen.
Für seine Verdienste stieg er von 1993 bis 1998 zum Vizepräsidenten Chinas auf, in das bisher höchste Staatsamt, das die chinesische KP einem Nichtmitglied übertrug.
www.welt.de /data/2005/10/28/794988.html   (312 words)

  
 The Hindu : International : Former Chinese Vice-President dead
BEIJING: Former Vice-President Rong Yiren, a onetime textile magnate who joined China's communist government and helped to launch Deng Xiaoping's economic reforms, earning the nickname ``Red Capitalist,'' has died at age 89, the Government announced on Thursday.
He was persecuted during the ultraleftist 1966-76 Cultural Revolution but rehabilitated in 1978 when then-supreme leader Deng invited him to help launch reforms.
Rong later served as a Vice-Premier and was named Vice-President in 1993, becoming China's highest-ranking non-communist official.
www.hindu.com /2005/10/28/stories/2005102806601500.htm   (213 words)

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