If you want a preview of China's economic collapse, just look at Japan
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Japan's long-comatose economy is finally showing signs of life after a real-estate implosion in the early 1990s. The country's economy spent the next three decades shrinking, but recent efforts to reboot the economy have started to yield positive results. However, China is now facing a similar property-market collapse, and experts are watching Japan's recovery closely. China's economy heavily depends on the property market, and after decades of overbuilding and speculation, the country is now dealing with a massive debt pile. While Japan's recovery was the result of decades-long efforts and careful negotiations, it will be nearly impossible for Beijing to replicate the same process. China's economic circumstances are different, and its social and political systems are not conducive to the same kind of stimulus measures that Japan implemented. Additionally, China's relationship with the rest of the world, particularly the US, is more adversarial, making it difficult for China to rely on exports to support its recovery. The success of China's recovery will depend on its ability to find trading partners and build the right relationships to support its economic growth.

#China #Japan #Economy #Recession #RealEstate #Debt #Stimulus #Exports

https://www.businessinsider.com/japan-china-real-estate-stock-market-crash-recession-xi-jinping-2024-3