China's economy is experiencing a shift, with yields on its 30-year government bonds nearing those of Japan. This trend, dubbed "Japanification," has eerie parallels with Japan's economic struggles in the early 1990s. China's delayed stimulus and demographic challenges are contributing to this slowdown.

Source: https://www.ft.com/content/64019d3e-ac4a-4d94-8f33-b0148cab0d2f