How China can avoid the Japan trap

Income needs to accrue to those who will spend it — but this will require redistribution on a significant scale

Martin Wolf

©The Financial Times Limited 2020 Sep 27, 2023 / 11:31 AM IST
All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way.

The danger is not one of a huge financial crisis: China is a creditor country; its debts are overwhelmingly in its own currency

For Moneycontrol's Pro Panorama October 20 edition: Afghanistan-Pakistan and a new flashpoint, long-term bonds on fiscal tightrope...

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How China can avoid the Japan trap

Income needs to accrue to those who will spend it — but this will require redistribution on a significant scale

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