I might be wrong but didn't something similar happen with Japan too? After the rise of their industrial power they started expanding outside, buying/investing i

I might be wrong but didn't something similar happen with Japan too? After the rise of their industrial power they started expanding outside, buying/investing in stuff outside their country in accordance to the BoJ guidance also known as "window guidance". But then the asset bubble burst causing issues for their economy. Chinese loans seem to be on the rise: https://www.reuters.com/article/china-economy-loans/rpt-update-2-china-new-yuan-loans-rise-more-than-expected-in-september-idUSL4N1MR15L https://www.reuters.com/article/china-economy-loans/rpt-upda... So, will something similar happen here too?