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Cover Story: China May Find Cure for Stagflation by Studying Japan’s Experience

By Wang Liwei, Wang Shiyu and Denise Jia
2023年12月18日 07:25
As Japanese economy rises from slump, China’s woes look familiar

Amid strong wage growth and rising prices, Japan is finally emerging from the quagmire of almost three decades of deflation. As China faces similar challenges that its neighbor did 30 years ago, Japan’s experience may offer lessons to Chinese policymakers about how to battle prolonged stagnation.

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