Does China face a lost decade?
Xi Jinping has the tools to escape Japan’s fate. He should use them
“Ever since the Chinese housing bubble burst,” said Richard Koo of the Nomura Research Institute in a recent talk, “I’ve been getting tons of calls from Chinese journalists, economists, investors and sometimes policymakers asking me, ‘Are we going the way of Japan?’”
This article appeared in the Finance & economics section of the print edition under the headline “In the balance”
From the September 16th 2023 edition
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