Koh Gui Qing: China defies doomsayers warning of Japan-style bust
Published 26/10/2012 | 16:07
CHINA has defied doomsayers who have warned for years that Asia's biggest economy would soon suffer a Japan-style boom and bust.
It will continue to defy them for years to come.
At first glance, some major similarities between their economies stack up. Just like Japan three decades ago, China is under pressure to let its currency rise, boost domestic consumption and grow its services industry to cut reliance on exports and investment.