Employees look on at a port in Qingdao in China’s eastern Shandong province on September 7. It is highly improbable that growth in net exports will be the main driver of the Chinese economy for much longer. Photo: AFP
Employees look on at a port in Qingdao in China’s eastern Shandong province on September 7. It is highly improbable that growth in net exports will be the main driver of the Chinese economy for much longer. Photo: AFP
Fang Zihao
Opinion

Opinion

The View by Fang Zihao

Unlike 1990s Japan, China’s economy can power on with internal circulation

  • With exports flagging and US techno-nationalism on the rise, China’s economic predicament is being compared to that of 1990s Japan and the resulting stagnation
  • But unlike Japan, China still has plenty of room to grow effective investments and boost household consumption under its internal circulation strategy

Employees look on at a port in Qingdao in China’s eastern Shandong province on September 7. It is highly improbable that growth in net exports will be the main driver of the Chinese economy for much longer. Photo: AFP
Employees look on at a port in Qingdao in China’s eastern Shandong province on September 7. It is highly improbable that growth in net exports will be the main driver of the Chinese economy for much longer. Photo: AFP
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