China's stalled "fifth wave" -: Zhu!Rongji's reform package of 1998-2000

In spring 1998, Zhu Rongji became China's new prime minister, bringing with him a remarkable and optimistic reform agenda. Two and a half years later, while Zhu has had some successes, particularly China's forthcoming entry into the World Trade Organization (WTO), much of his program has stalled. Why did this "reform wave" stall and what is its future? What were the debates surrounding policies that formed the "fifth wave"? This considers first the trimming of the bureaucracy and the battle form, against corruption and then the debate surrounding WTO accession, SOE reform, and the expansion of the private sector.