Business
Look to Japan for lessons on Evergrande – The Australian Financial Review
The Evergrande crisis is less ‘Lehman moment’ and more domestic property and bank asset bubble, like the one which dogged the…
The strategy worked and gross domestic product soared.
But then the maturing economy outgrew this bank-centred system, like a child outgrowing a pair of shoes. So Japan imported some capital market structures from the West. There was never enough accounting…
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