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.
  • 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.