Li Rongrong Here

Did he succeed? Partially. The numbers improved. By the end of his term, SOE profits hit record highs. But the underlying tension—Party control vs. market efficiency—remains unsolved. Li Rongrong retired in 2019, but his blueprint remains. When you see China Railway building a high-speed line in Indonesia, or when Sinopec posts a massive quarterly profit, you are seeing the shadow of Li’s reforms.

The Quiet Reformer: How Li Rongrong Changed the DNA of China’s State Giants li rongrong

For three critical years—from 2016 to 2019— was the man holding the wheel. Did he succeed