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China's Fear of Japan-Style Economic Bust Drives Crackdown on Deals, Says Source
Study analyzed how to avoid repeating Japan’s bust in 1990s
Recommendations included curbing China’s global buying spree
President Xi Jinping’s top economic adviser commissioned a study earlier this year to see how China could avoid the fate of Japan’s epic bust in the 1990s and decades of stagnation that followed.
The report covered a wide range of topics, from the Plaza Accord on currency to a real-estate bubble to demographics that made Japan the oldest population in Asia, according to a person familiar with the matter who has seen the report. While details are scarce, the person revealed one key recommendation that policy makers have since implemented: The need to curtail a global buying spree by some of the nation’s biggest private companies.
https://www.bloomberg.com/news/articles/...-crackdown
China's Fear of Japan-Style Economic Bust Drives Crackdown on Deals, Says Source
Study analyzed how to avoid repeating Japan’s bust in 1990s
Recommendations included curbing China’s global buying spree
President Xi Jinping’s top economic adviser commissioned a study earlier this year to see how China could avoid the fate of Japan’s epic bust in the 1990s and decades of stagnation that followed.
The report covered a wide range of topics, from the Plaza Accord on currency to a real-estate bubble to demographics that made Japan the oldest population in Asia, according to a person familiar with the matter who has seen the report. While details are scarce, the person revealed one key recommendation that policy makers have since implemented: The need to curtail a global buying spree by some of the nation’s biggest private companies.
https://www.bloomberg.com/news/articles/...-crackdown
