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China is now heading toward Japan-style economic paralysis if it doesnt change course

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At the end of 1989, Japan's bubble economy burst and its economic miracle came to an abrupt end. The Nikkei exchange fell from nearly 40,000 to its current 10,000 range. Today, China, in some ways, appears to be closer to following Japan than to sustaining its own economic miracle. (qz.com)

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