Lee Duna@lemmy.nz to World News@lemmy.worldEnglish · 5 months agoChina is merging hundreds of small banks to fend off financial stresswww.businessinsider.comexternal-linkmessage-square45fedilinkarrow-up1183arrow-down13
arrow-up1180arrow-down1external-linkChina is merging hundreds of small banks to fend off financial stresswww.businessinsider.comLee Duna@lemmy.nz to World News@lemmy.worldEnglish · 5 months agomessage-square45fedilink
minus-squareHypx@kbin.sociallinkfedilinkarrow-up12arrow-down1·5 months agoIt could mirror the economic stagnation of Japan that begun in the 1990s. Very similar set of circumstances.
minus-squareDdCno1@kbin.sociallinkfedilinkarrow-up1arrow-down1·5 months agoThis stagnation had a devastating effect on Japan’s standing in the world. If it ends up doing the same damage to China, then there is no chance for the country to become a superpower.
It could mirror the economic stagnation of Japan that begun in the 1990s. Very similar set of circumstances.
This stagnation had a devastating effect on Japan’s standing in the world. If it ends up doing the same damage to China, then there is no chance for the country to become a superpower.