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Precisely, I've been saying this for years. If you look at time frames, China is right on track to become an economic powerhouse in the production of quality pr
by james-watson 10y ago
Precisely, I've been saying this for years. If you look at time frames, China is right on track to become an economic powerhouse in the production of quality products just like Japan in the 90s.
Japan started in the 1950s after WWII, but China didn't get it's start till the 80s because of the Cultural Revolution of Mao. China is 30 years behind, so we're starting to see their potential now.
- varjag 10y ago30 years ago Japan was on its peak. 25 years ago the bottom fell out of their economy. China better hurry.
- mooreds 10y agoYes. They're aware of this, but time is running out (both because of debt and demographics). If you want some trenchant analysis of the situation, Michael Pettis is your guy: http://blog.mpettis.com/2016/06/rebalancing-wealth-transfers-and-the-growth-of-chinese-debt/ http://blog.mpettis.com/2016/06/rebalancing-wealth-transfers...