China Following Japanese Pattern of Debt and Real Estate Crisis

China Following Japanese Pattern of Debt and Real Estate Crisis
People walk past a housing complex of Chinese property developer Evergrande in Kunming, in southwestern Yunnan Province on Oct. 23, 2021. Jade Gao/AFP via Getty Images
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News Analysis
Just like with Japan’s meteoric rise to the world’s number two economic power, followed by a crash and stagnation, many experts believe it is not inevitable that China will displace the United States.
Antonio Graceffo
Antonio Graceffo
Author
Antonio Graceffo, Ph.D., is a China economy analyst who has spent more than 20 years in Asia. Graceffo is a graduate of the Shanghai University of Sport, holds an MBA from Shanghai Jiaotong University, and studied national security at American Military University.
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