What's Ailing China: The Japan Syndrome
China is following the same path Japan did when it burst open, politically and economically, in the early 1990s ("Can China avert crisis?" Cover Story, Mar. 16). It is plagued with corruption among mandarins in high places. Its deregulation is slow and its banking system is poor. In addition, China is excessively pouring money into real estate with no regard to infrastructure.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Smartphones Are Killing Americans, But Nobody’s Counting
- Why a Pub in the Middle of Nowhere Was Named the World’s Best Restaurant
- Gulf Coast Oil Spill May Be Largest Since 2010 BP Disaster
- Marc Faber Asked to Leave Sprott Board After Racist Report
- Airbus Snaps Up Bombardier Jet in New Challenge to Boeing