Has it tho? If they did, they wouldn't be so reliant on exports.

satcat

Sidenote: another thing 80s Japan, 20s China (and 20s Germany iwbh) have in common: A cultural 

. No domestic demand. No courage for entrepreneurial supply side risk taking. No drive for improving the standard of living, therefore no domestic demand.

econ

China 10y bond yields falling like a rock

zuspotirko

Sidenote: another thing 80s Japan, 20s China (and 20s Germany iwbh) have in common: A cultural **scarcity mindset**. No domestic demand. No courage for entrepreneurial supply side risk taking. No drive for improving the standard of living, therefore no domestic demand.