Hiroshi Wanatabe, Japan's former top currency diplomat, recalls how Chinese policymakers eagerly studied ways to avert a Japan-style burst of an asset bubble that led to prolonged deflation and economic stagnation - until around 2015.
    • zerfuffle
      31·
      1 year ago

      It’s a soft landing, not a soft takeoff

      China had like 33% growth in exports in a single year during the pandemic. They had to normalize eventually.