William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."
More loans for developers will simply keep problems festering

Chinese President Xi Jinping's administration is desperate to change the China-cratering narrative dominating global media coverage. © Reuters
William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."