Chapter 7
Understanding Chinese Economic Reform
Because of the Tiananmen Square protests of 1989, there was a growing formalist faction opposed to Deng Xiaoping’s reforms within the Communist Party. To reassert his economic agenda, in the spring of 1992, Deng spent the New Year festival in Shanghai and visited Wuchang, Shenzhen, and Zhuhai, in order to use his travels as a method of reasserting his economic policy after his retirement from office. On his famous southern tour (nanxun), Deng made various speeches and generated large local support for his reformist ...
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