Economics, Econometrics and Finance
8 years ago

China risks economic crisis mirroring Japan's if banking system not reformed.

Journal of Contemporary Eastern Asia
What lessons can China learn from the Japanese prolonged financial slump?
Yasushi Suzuki, S. M. Sohrab Uddin

Paper Summary

China can learn from Japan's financial slump by adapting its banking system to match its changing economy. Major cities in China are already moving towards a more advanced economy, but the state-owned banks are not keeping up. If China doesn't update its banking system to reflect the shift in industries, it could face the same problems Japan did.

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