The ‘Red Capitalist’ Who Asked to Quit the Communist Party 3 Times
Rong’s enterprise during the Republic of China (1912-1949) was a household name. Rong Zongjing and Rong Desheng founded more than 20 private enterprises in Wuxi, a city near Shanghai, and other locations. These enterprises were mainly in the cotton milling and flour industries, so they became known as “the king of cotton yarn” and “the king of ...
