3 ms·
I don't think it will be the same. Capitalism is all about boom and bust, so China will have booms and busts in the same way; but the problem for Japan was that
by toyg 3y ago
I don't think it will be the same. Capitalism is all about boom and bust, so China will have booms and busts in the same way; but the problem for Japan was that they kinda hit a ceiling in production capacity, so their bust at the end of last century resulted in a long stagnation, which meant that they were forced to reform and open up to grow again.
China is so big that it's unlikely they'll experience such ceilings anytime soon. They will continue with their shady, protectionist practices, possibly forever.