South China Morning Post

China’s industrial strength keeps it from ‘turning Japanese’

In November 2024, the yield on China’s 30-year government bond fell below its Japanese equivalent for the first time. This was a big deal in financial markets, fanning fears that China’s economy was vulnerable to the type of crisis that condemned Japan to decades of deflation and stagnant growth following the bursting of its asset price bubble in the early 1990s. In November 2025, China’s benchmark 10-year yield followed suit. Although the convergence in the two countries’ bond yields had as...

By South China Morning Post

1 min read
China’s industrial strength keeps it from ‘turning Japanese’
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