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At the ‘Strategic Investment Conference 2016’ recently held in Dallas, geopolitical forecaster and strategist George Friedman said: ‘China is like Japan in 1989′. There are indeed many similarities between China today and Japan in the late 80’s, before Nippon went bust: a reliance on investment- and export-led growth; big current account surpluses; a real estate bubble (that led to highly indebted …
Read More »If China Becomes Another Japan, the World is In Trouble
