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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…

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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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