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China’s nightmare: becoming the next Japan

Tokyo lost decades when a property bust led to an economic slump. Could the same phenomenon undo Xi Jinping’s ambitions?

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External report
{'type': 'paragraph', 'value': '

The Financial Times published a report on 2026-10-21. The publication’s title referred to China becoming the next Japan.

The report stated that a property bust caused an economic slump and that Tokyo lost decades. It asked whether the same phenomenon could undo Xi Jinping’s ambitions.

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