Hiroshi Wanatabe, Japan's former top currency diplomat, recalls how Chinese policymakers eagerly studied ways to avert a Japan-style burst of an asset bubble that led to prolonged deflation and economic stagnation - until around 2015.
  • @zerfuffle@lemmy.ml
    7•2 years ago

    China really pulled off a soft landing tbh

    Somehow consumer demand is rising again despite the liquidity crunch

    • taanegl
      1•2 years ago

      Is that really weird? We live in a world of weakened impulse control. People consume to fill the void inside of them.

    • morry040
      1•2 years ago

      The growth rate is still lower than the pre-COVID years…

      • @zerfuffle@lemmy.ml
        2•2 years ago

        It’s a soft landing, not a soft takeoff

        China had like 33% growth in exports in a single year during the pandemic. They had to normalize eventually.