William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."
Opinion
China's GDP plunge is 20 years in the making
Xi has missed chance to reform, open up and strengthen economy
A statue of Mao Zedong is seen in front of smoking chimneys at state-owned Wuhan Iron And Steel Corp.: China lost much of its tolerance for disruption. © Reuters
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