The MasterCharts: How China could yet fail like Japan
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Wednesday, June 15, 2011

How China could yet fail like Japan

How China could yet fail like Japan
Martin Wolf
Until 1990, Japan was the most successful large economy in the world. Almost nobody predicted what would happen to it in the succeeding decades. Today, people are yet more in awe of the achievements of China. Is it conceivable that this colossus could learn that spectacular success is a precursor of surprising failure? The answer is: yes.

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