China's economic miracle won't mirror Japan's

China is now the world’s No 2 economy and our readers predict it will do a better job in that role than Japan did.

China's economic miracle won't mirror Japan's

China surpassed Japan last week as the world’s second-biggest economy, so we asked our readers if the Chinese economic miracle would fare any better than the Japanese version. Most reckoned it would.

It is tempting to disagree, or at least cast some doubt on our readers’ resounding bullishness. First, it is worth pointing out that Japan was booming for a long time before its collapse -- indeed, it passed France to become the world’s second-biggest economy way back in...

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