Japanification
China
Why China’s “build, build, build” model eventually crashed
Dikang, chinaworker.info
80 percent of China’s local government finance vehicles (LGFVs) can no longer meet their bond repayments. The LGFVs are entities owned by local governments that were set up at the time of the global financial crisis in 2008. ...
China
China’s economy in the grip of ‘Japanification’
Property collapse deepens while concerns rise over slow and limited government intervention
Editorial from issue 71 Socialist《社会主义者》magazine, the magazine of ISA in China, Hong Kong and Taiwan
China’s economic crisis entered a new more dangero...
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