Can China learn lessons from Japan’s ‘lost 30 years’?
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Can China learn lessons from Japan’s ‘lost 30 years’? is a video by South China Morning Post, published on September 9, 2023 and watched 10,206 views. Stream it on TubeSearch Pro for a clean, distraction-free viewing experience and explore more related videos from South China Morning Post below.
Description
China and Japan have ended up on very similar economic trajectories, since both countries emerged from relative obscurity to become major powerhouses through aggressive reforms and investments. In the process, the nations each have accumulated huge amounts of debt and asset bubbles. In the 1990s, the situation became unsustainable in Japan and the nation entered a period known as the “lost 30 years” characterised by economic stagnation, weak consumer demand and lower birth rate. China, after...