80 sats \ 4 replies \ @riberet19 11 Apr \ parent \ on: Yen: Bank of Japan refuses to intervene econ
And since then Japan has been stagnant for 40 years, do you think a similar future awaits China? it seems that every country that is about to overtake the United States has the same future ahead of it.
It's a lot easier to catch up than to take the lead. You can catch up through imitation, but you have to innovate to be in front.
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It sure seemed that way for the past few years, with Xi's self destruction of the economy. Maybe he's learned his lesson, though. It looks like they let Jack Ma out of his cage. Still, if you ask me, China is doomed by its refusal to ease up on its command economy. In the end, they'll always revert to communism.
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I agree with you, adding to the fact that Chinese technology companies are losing quite a few investors and that there is a latent real estate crisis in the country mainly due to the construction in mass of buildings that have been left empty, so it is a perfect breeding ground, we will see what happens.