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I see China in 2023 where Japan was in 1991. Real Estate is falling apart. But in the end, the are the workbench of the world. They have Billions of people that

I see China in 2023 where Japan was in 1991. Real Estate is falling apart. But in the end, the are the workbench of the world. They have Billions of people that can potentially work. Some of them are well educated and highly industrious. Japan survived so will China.

iancmceachern 3y ago
Where can I read more about Japan's experience at that time?
- throwaway4good 3y ago
  "Princes of the Yen" - both a book and documentary - well worth watching: https://www.youtube.com/watch?v=jsO0JYu_5WI https://www.youtube.com/watch?v=jsO0JYu_5WI
- ginko 3y ago
  This is a pretty good multi-part documentary from 2000: https://www.youtube.com/watch?v=6HUrl1JwmJs https://www.youtube.com/watch?v=6HUrl1JwmJs
Cthulhu_ 3y ago
I mean economic crashes rarely cause a country to "die", but it will have a major setback in its economy and the individual people will suffer, if they aren't already. I mean I know lots of people are suffering in the west as well, despite there being plenty of jobs available and the economy being very good.
raincole 3y ago
Average people in 1991 Japan were much wealthier than average people in China today. The question is: do average people matter? It doesn't seems so.
gman83 3y ago
In the 80s Americans were worried that Japan would leave them in the dust, yet they've had 30 years with almost no economic growth. Not exactly a great roadmap for China to follow. https://en.wikipedia.org/wiki/Lost_Decades https://en.wikipedia.org/wiki/Lost_Decades
- globalise83 3y ago
  In 1980, Japan had a huge population boom in the 35-45 age range, of energetic people who had grown up during a golden age of technological and economic development. Then they were hit by a demographic timebomb... https://www.nippon.com/en/in-depth/a01001/ https://www.nippon.com/en/in-depth/a01001/ By 2060 Japanese children will be in the low single-digit millions, maybe 1/3 of the number when the experienced workers of the 80s were kids in the 1960s. There is literally nothing that can prevent it except mass immigration on a scale that would totally transform Japanese society (and which consequently will never happen).
  - worrycue 3y ago
    China has the same demographic timebomb. China's peak labor was like in early 2010s I believe. Their birth rate has been declining the last few decades.
    - The_Colonel 3y ago
      China's demographic slump is actually much more dramatic than Japan's.

iancmceachern 3y ago

Where can I read more about Japan's experience at that time?

throwaway4good 3y ago
"Princes of the Yen" - both a book and documentary - well worth watching: https://www.youtube.com/watch?v=jsO0JYu_5WI https://www.youtube.com/watch?v=jsO0JYu_5WI
ginko 3y ago
This is a pretty good multi-part documentary from 2000: https://www.youtube.com/watch?v=6HUrl1JwmJs https://www.youtube.com/watch?v=6HUrl1JwmJs

Cthulhu_ 3y ago

I mean economic crashes rarely cause a country to "die", but it will have a major setback in its economy and the individual people will suffer, if they aren't already. I mean I know lots of people are suffering in the west as well, despite there being plenty of jobs available and the economy being very good.

raincole 3y ago

Average people in 1991 Japan were much wealthier than average people in China today. The question is: do average people matter? It doesn't seems so.

gman83 3y ago

In the 80s Americans were worried that Japan would leave them in the dust, yet they've had 30 years with almost no economic growth. Not exactly a great roadmap for China to follow. https://en.wikipedia.org/wiki/Lost_Decades https://en.wikipedia.org/wiki/Lost_Decades

globalise83 3y ago
In 1980, Japan had a huge population boom in the 35-45 age range, of energetic people who had grown up during a golden age of technological and economic development. Then they were hit by a demographic timebomb... https://www.nippon.com/en/in-depth/a01001/ https://www.nippon.com/en/in-depth/a01001/ By 2060 Japanese children will be in the low single-digit millions, maybe 1/3 of the number when the experienced workers of the 80s were kids in the 1960s. There is literally nothing that can prevent it except mass immigration on a scale that would totally transform Japanese society (and which consequently will never happen).
- worrycue 3y ago
  China has the same demographic timebomb. China's peak labor was like in early 2010s I believe. Their birth rate has been declining the last few decades.
  - The_Colonel 3y ago
    China's demographic slump is actually much more dramatic than Japan's.