https://archive.md/2021.11.09-212822/https://www.bloomberg.com/opinion/articles/2021-11-09/china-s-economic-model-is-probably-broken
https://archive.md/2021.11.09-212822/https://www.bloomberg.com/opinion/articles/2021-11-09/china-s-economic-model-is-probably-broken
one key difference is the USA is currently unable to strongarm or hoodwink China into signing something as self-defeating as the Plaza Accords
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A lot of present day commentaries on the Japanese economy in the 80s-90s often forgot just how much America hates (and terrified of) Japan.
They "forget" on purpose
https://i.imgur.com/Rft0Vhe.png
Western media and yellow peril, name a more iconic duo
Western media and red scare
2021 media: "why not both?"
:agony-soviet:
It's the whole reason cyberpunk has that Japanese neon aesthetic, it was a reflection on what people thought the future might look like