Rong Yiren

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Rong Yiren 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. It is from this second accomplishment, that the western media called him "The Red Capitalist". Rong was born in 1916 in Wuxi, a town near Shanghai in Jiangsu Province. His father and uncle were the founders and operators of a flour- and cotton-milling business. He was educated at the Christian-run St. John's University, one of China's most prestigious colleges at the time. After graduation, Rong was assigned to manage a part of the family business and was running all 24 mills by the late 1940s.