Peak China with Noah Smith and Matt Klein
ChinaTalk
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Economic Parallels: China and Japan
This chapter examines the economic trajectories of the Soviet Union, Japan, and China, highlighting misconceptions about their growth and export capacities. It compares the real estate and financial policies of Japan and China, focusing on how local governments influence their respective markets. The discussion critiques the narrative surrounding Japan's past economic strength while drawing parallels to China’s current challenges in real estate and infrastructure development.
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