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The BIS said China may have repeated the disastrous errors made by Japan in the 1980s when Tokyo let rip with excess liquidity."The Chinese economy seems to be demonstrating very similar, disquieting symptoms," it said, citing ballooning credit, an asset boom and "massive investments" in heavy industry.About 40 per cent of China's state-owned enterprises are loss-making, exposing banks to likely stress in a downturn.
Und in Japan hat das ja zu einer jahrzehntelangen Rezession geführt, von der sie sich immer noch nicht erholt haben.