After taking office as Premier of the State Council, Zhu Rongji initiated the three-year relief program for state-owned enterprises. Through the policy of 'seizing the large and releasing the small' and downsizing for efficiency, he triggered a massive wave of layoffs among SOE workers.
Evidence EVIDENCE
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中美对标
2026-09-23 07:37 · 中美对标 发布了新视频：【妖妖酱】《邓选》反直觉：误解习近平，更误读邓小平
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中美对标
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维基百科：朱镕基
2026-10-06 16:44 · 三个到位，第一是实现国有大中型企业基本摆脱困境，即用三年时间（1998至2000年），通过“债转股”、组建信达等四大金融资产管理公司剥离不良
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Context CONTEXT
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This event
Zhu Rongji Launched the Three-Year SOE Relief and the Wave of Layoffs
1998.03 · Verified
Effect
1998.05.13
·Hearsay
·Importance IV
·China
1998.06.09
·Official claim
·Importance IV
·China
Coverage of this event COVERAGE