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
    6·
    1 year ago

    China really pulled off a soft landing tbh

    Somehow consumer demand is rising again despite the liquidity crunch

    • taanegl@beehaw.org
      22·
      1 year ago

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