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Chinese economics with Japanese characteristics

Beijing needs a weaker yuan to ease deleveraging just when Trump is holding it hostage

| China
Zhou Xiaochuan, former governor of PBOC, warns that China risks following Japan with an asset bubble burst.   © Reuters

One sign of the seriousness of the economic debate raging in China is that Zhou Xiaochuan is drawing parallels with Japan.

After 15 years at the helm of the People's Bank of China, the country's former top economic reformer, who stepped down in March 2018, is finally free to speak his mind.

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