China faces 'lost decade,' 30 years after Japan

Stock market interventions mirror Tokyo's before bubble economy burst

20240212N stock price board

Chinese stocks continue to face downward pressure despite state-backed moves to stem the decline in prices. © AP

RYUSHIRO KODAIRA, Nikkei senior staff writer

TOKYO -- Watching the Chinese government's repeated but limited efforts to lift share prices, one can't help but wonder whether the country never learned the fundamental lessons of Japan's struggles after its asset price bubble burst.

With stock prices no longer functioning as an alarm bell for China's debt crisis, the world's second-largest economy is poised to enter its own "lost decade."

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.