BY MICHAEL AUSLIN
Beijing
Twenty years ago, Deng Xiaoping made his famous "southern tour." The journey took place just a few years after the Tiananmen Square massacre, with China still internationally isolated and in a period when Deng's reform program was in increasing doubt. Thanks to Deng's tour, economic reform was pushed back on the agenda—and that's when the economy took off. In the last two decades, China grew at an average 10.4%.
For a while it seemed as if China would never look back. But it's clear now that the easy part is over and that the next 20 years will be ...
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