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China man scoop tasty gutter oil from sewage to cook your malaxiangguo! CHINA NO. 1!
- Thread starter Les grossman
- Start date
This is how China can keep its cost low
Tiagong...it gives the extra fragance and unique taste
People are just jealous of China progress
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Businessweek
Economics
National flags of China, Japan and South Korea.
Photographer: Andy Liu/Shutterstock
By Bloomberg News
September 12, 2024 at 4:00 AM GMT+8
Save
As Beijing struggles to contain a nationwide slump in property values, economists have been quick to draw parallels with Japan. Recent data showing China recorded its first contraction in bank lending to businesses and households in nearly two decades, coming after several months of weak retail sales, appeared to confirm that a Japan-style “balance-sheet recession” is underway. (The term, popularized by Richard Koo, an expert on the Japanese economy, refers to a situation in which consumers and companies prioritize paying down debt over spending and investing, thereby curbing growth.)
There are other unsettling parallels between Asia’s two biggest economies. In China, a broad index of prices has logged five consecutive quarters of declines—the longest stretch of deflation since the 1990s. Stocks traded on the mainland and Hong Kong exchanges have lost a combined $5 trillion in market value in the last three years. When Japan’s property bubble burst in the early 1990s, what followed were several “Lost Decades” of sinking asset prices and anemic growth.
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Businessweek
Economics
China Can Avoid Japan’s Lost Decades If It Follows Korea’s Path
To build an innovation economy, policymakers in Beijing are emulating their peers in Seoul.
National flags of China, Japan and South Korea.
Photographer: Andy Liu/Shutterstock
By Bloomberg News
September 12, 2024 at 4:00 AM GMT+8
Save
As Beijing struggles to contain a nationwide slump in property values, economists have been quick to draw parallels with Japan. Recent data showing China recorded its first contraction in bank lending to businesses and households in nearly two decades, coming after several months of weak retail sales, appeared to confirm that a Japan-style “balance-sheet recession” is underway. (The term, popularized by Richard Koo, an expert on the Japanese economy, refers to a situation in which consumers and companies prioritize paying down debt over spending and investing, thereby curbing growth.)
There are other unsettling parallels between Asia’s two biggest economies. In China, a broad index of prices has logged five consecutive quarters of declines—the longest stretch of deflation since the 1990s. Stocks traded on the mainland and Hong Kong exchanges have lost a combined $5 trillion in market value in the last three years. When Japan’s property bubble burst in the early 1990s, what followed were several “Lost Decades” of sinking asset prices and anemic growth.
Have a confidential tip for our reporters?
Very nice! That’s why it tastes so good!
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