Financial Times: How China could yet fail like Japan
How China could yet fail like Japan
Until 1990, Japan was the most successful large economy in the world. Almost nobody predicted what would happen to it in the succeeding decades. Today, people are yet more in awe of the achievements of China. Is it conceivable that this colossus could learn that spectacular success is a precursor of surprising failure? The answer is: yes.
Full Story: Financial Times
Paul Higgins – worth reading the comments as well as the article
Though there are many differences between JP and CN. But it’s a good insight either way.