Lee Duna@lemmy.nz to World News@lemmy.worldEnglish · 9 months agoChina is merging hundreds of small banks to fend off financial stresswww.businessinsider.comexternal-linkmessage-square42fedilinkarrow-up1161arrow-down13
arrow-up1158arrow-down1external-linkChina is merging hundreds of small banks to fend off financial stresswww.businessinsider.comLee Duna@lemmy.nz to World News@lemmy.worldEnglish · 9 months agomessage-square42fedilink
minus-squareHypx@kbin.sociallinkfedilinkarrow-up11·9 months agoIt could mirror the economic stagnation of Japan that begun in the 1990s. Very similar set of circumstances.
minus-squareDdCno1@kbin.sociallinkfedilinkarrow-up1arrow-down1·9 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.