Simplify the following text for a Grade 12 native English-speaking person.
Original: The greatest Chinese philosophers , those who made the greatest impact on later generations of Chinese , were Confucius , founder of Confucianism , and LÇ ozÇ , founder of Taoism .
Simplified: The greatest Chinese philosophers were Kong Fuzi ( Latin : Confucius ) , founder of Confucianism , and Laozi , founder of Daoism .