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By David Scott | Monday 23 April 2018
Do you might remember the late 80s, all the movies, the songs and books about the inevitable Japanese economic invasion and global dominance which never happened? This is because the Japanese growth miracle was built on a massive debt bubble and, once it burst, the country fell into stagnation for the better part of two decades, which it is still in. Similarly, China presents many of these characteristics in its current economic model. Massive debt, overcapacity and central planned growth targets.
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