China's slowdown could be just a blip, if 1960s Japan is a guide
Hong Kong
CHINA'S economic slowdown and market crash often evoke comparisons with Japan's bust in the 1990s, a period that saw the world's second-largest economy of the time tip into prolonged stagnation.
Both economies experienced rapid, debt-fuelled growth that spurred soaring real estate prices and stock market bubbles. Japan's run-up eventually ended in a hard landing that the country is still recovering from. The argument says China could end up suffering a similar fate.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Crypto firm sues SEC to fend off oversight of Ethereum
Snap beats first-quarter expectations, shares jump 25%
Google parent announces first-ever dividend; beats on sales, profit; shares soar
Baltimore’s trapped ships start leaving as new channel opens
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada