Chen Yun Net Worth

Background and career

Chen Yun (13 June 1905 – 10 April 1995) was a statesman and served as general secretary of the People's Republic of China. He was one of the most prominent leaders during the periods when China was under Mao and Deng eras. In the 1980s, Chen was considered the second most powerful figure in China, ranking only behind Deng Xiaoping. Chen Yun was also known as Liao Chenyun (廖陈云), as he took his uncle's (Liao Wenguang; 廖文光) family name when he was adopted by him after his parents died.

A major Chinese Communist Party (CCP) political figure before the establishment of the PRC, Chen first joined the CCP Central Committee in 1931, and the Politburo in 1934. He became the head of the CCP's Organization Department in 1937, and became one of CCP leader Mao Zedong's close advisors. He played an important role in the Yan'an Rectification Movement of 1942, and started becoming responsible for economic affairs that year, ultimately heading the Central Finance and Economic Commission from 1949.

After the establishment of the PRC, Chen was a key figure in moderating many of Mao's radical economic ideas and participated in the drafting of the First five-year plan. Chen was instrumental in China's economic reconstruction following the disastrous Great Leap Forward (1958–1960) along with Deng Xiaoping and Zhou Enlai, advocating for a "bird cage" economy in which the market economy should be allowed to play a role but kept contained like a "bird in a cage". Chen was demoted during the Cultural Revolution though he returned to power after Mao's death in 1976.

After Deng Xiaoping's rehabilitation, Chen voiced his criticism of Maoist policies, decrying China's lack of economic policies, and later became one of the architects of Deng's reform and opening up policy. During the 1980s and the 1990s, Chen was regarded as the second-most powerful person in China after Deng and was later recognized as one of the Eight Elders of the Chinese Communist Party. Initially a strong advocate for the reform and opening up, Chen increasingly became conservative towards the reforms as they progressed, becoming a key figure in slowing many reforms and becoming the leader of CCP's conservative factions. Chen resigned from the Central Committee in 1987 though keeping his influence as the chairman of the Central Advisory Commission until 1992, when he fully retired from politics.