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Is China’s economy turning Japanese?
中国会成为第二个日本吗?

Three decades after Tokyo’s property bubble burst causing severe damage there are fears that Beijing faces a similar fate.
居高不下的房价和股价让有些人担心中国经济终有一日会像曾经的日本一样崩溃。东京房地产泡沫破灭三十年后,中国会重蹈覆辙吗?

There are few things studied as closely by the Chinese Communist party as how to avoid the fate of its Soviet counterpart. In an internal meeting after he assumed power in 2012, President Xi Jinping said no one in the Soviet Union had been “man enough” to stand up to Mikhail Gorbachev and glasnost.

But for Mr Xi another historical event from the same era may warrant more immediate attention. It is just over 30 years since Japan began inflating a property and stock market bubble whose implosion ravaged public confidence, cowed corporations and scarred an economy for decades. China’s priority today is to avoid that fate.

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