I know the general gist of the situation. Low spending from domestic households, real estate bubble, excessive government influence on industry scaring investors, and so on.
My problem with it is that most headlines make it sound like it’s all gonna implode spectacularly tomorrow. The articles themselves usually paint a more reasonable picture of the situation, similar to your comment. But most people don’t read the article. They just see the headline over and over.
That’s because its GDP growth has been hit hard in that same time period. Lifting Covid restrictions didn’t make it come back.
It may not crash, per se, but Japan went through an era of general malaise, and that might be what China gets.
I know the general gist of the situation. Low spending from domestic households, real estate bubble, excessive government influence on industry scaring investors, and so on.
My problem with it is that most headlines make it sound like it’s all gonna implode spectacularly tomorrow. The articles themselves usually paint a more reasonable picture of the situation, similar to your comment. But most people don’t read the article. They just see the headline over and over.
Japan calls it the lost decade or something similar.