The finance chief who survived the Cultural Revolution, helped arrest the Gang of Four and became president; one of the “eight elders”
An orthodox, Soviet-style communist and firm believer in central planning, he blocked marketization and enthusiastically advocated military suppression of the 1989 Tiananmen Square protests.
A carpenter from Hubei, he was a political commissar of the Fourth Front Army and survived the destruction of the Western Route Army. He founded the New Fourth Army’s Fifth Division in Hubei during the war with Japan and led the breakout from the Central Plains at the start of the civil war. Finance minister for twenty-two years from 1954, he ran the economy and survived the Cultural Revolution at Zhou Enlai’s side. He joined the arrest of the Gang of Four in 1976 and, between Hua Guofeng’s “two whatevers” and Deng Xiaoping, argued with Chen Yun for the primacy of planning. President from 1983 to 1988, he backed the crackdown of 1989.
Career Timeline
- 1954–1975Minister of Finance
- 1983–1988President of the People’s Republic of China