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
    81·
    1 year ago

    China really pulled off a soft landing tbh

    Somehow consumer demand is rising again despite the liquidity crunch

    • taanegl@beehaw.org
      21·
      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.

      • zerfuffle@lemmy.ml
        31·
        1 year 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.