China is facing many of the problems Japan encountered as it strives for growth

Published: April 27, 2018, 12:11 a.m.

b'The People\\u2019s Republic of China needs to refocus its economy to avoid slipping into an economic downturn that could be worse than the one Japan has suffered for more than the past 2 decades. Comparing the experience of the two countries shows that China faces many of the same issues that prompted the beginning of Japan\\u2019s long economic slide in the early 1990s. While some differences could help China avoid Japan\\u2019s pitfalls, others could make it even worse. \\n\\nSome economic fixes are needed, and quickly.\\n\\nRead the transcripts\\nhttps://bit.ly/2GhogH0\\n\\nAbout the authors\\nYang Yao is a professor at China\\u2019s Peking University.\\nKyoji Fukao is a professor at Japan\\u2019s Hitotsubashi University.\\nTangjun Yuan is a researcher at China\\u2019s Fudan University.\\n\\nRead the book\\nhttps://www.adb.org/publications/slowdown-prc-structural-factors-and-implications-asia\\n\\nKnow more about ADBI\\u2019s work on PRC\\nhttps://bit.ly/2vVC0Yi\\nhttps://bit.ly/2vQ3fDf'