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Silence of China's central bank adds to risks facing economy

PBOC should remember key lesson from Japan's 'lost decade'

| China
PBOC Gov. Yi Gang had earlier appeared set to retire on a high note.    © Reuters

William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."

At the beginning of the year, China looked ready for an epic growth rebound as the nation emerged from COVID lockdown. Resurgent demand was expected to push up inflation both within China and globally.

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