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Low bond yields, weak inflation and a struggling property market have raised fears China may see its own version of Japan’s 1990s “balance sheet recession.” Can China change course in time to avoid its own “lost decades?”
Get the Next China newsletter for dispatches from Beijing on where China stands now—and where it’s going next:
00:00 Introduction
01:24 Japan’s lost decades
02:29 Balance sheet recession
04:38 China’s similarities
06:43 China’s differences
08:03 Lessons from Japan
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2025/02/28
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