China’s Economy Echoing 2008 Crisis: Expert Predicts Full-Blown Financial Turmoil

China’s economic future is put into question, drawing comparisons to Japan’s economic slowdown in the 1990s and possible indications of an impending financial crisis, said Rockefeller International‘s Managing Director Ruchir Sharma in an op-ed published in the Financial Times. Sharma highlighted China’s aging population, high debt levels, and government interference as key factors contributing to its current economic state likened to Japan’s decline in the 90’s. However, two potential scenarios were presented – a short-term recovery similar to Japan’s post-1990 property bubble burst, or a full…

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