A street food vendor stands in front of a board with job notices in Beijing. A whole generation of Chinese youth raised in a miracle economy is entering a period of uncertainty as jobs come less easily. Photo: Reuters

How China can avoid a replay of Japan’s lost decades

Stephen Roach says China’s embrace of structural rebalancing distinguishes it from Japan but success will hinge on its willingness to confront the powerful vested interests resisting economic reform

Topic |   China economy

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A street food vendor stands in front of a board with job notices in Beijing. A whole generation of Chinese youth raised in a miracle economy is entering a period of uncertainty as jobs come less easily. Photo: Reuters
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