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How bad was the economy in the 80s?

Is the Chinese economy going to collapse this decade like Japan did in the late 80s, early 90s?

  • Is the country's rise and growth a myth? - $600 - $900 billion in nonperforming bad loans (1/4 of GDP). - Estimated 40% bad debt rate compared to 20% Japan in 1990 - Many loans being made for family/social relations rather than business. - Continally lowering the price of its exports, leading to falling profit

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    I'd say there's a REAL good chance of massive bubble-popping, but they'd probably recover, whereas Japan peaked in 1990 and is absolutely doomed to decline forever more. China has far better demographics than Japan. China might become like Japan in 40 or 50 years -- for now I'd say it's more the potential of booms and busts for China.

Darren Shazz at Yahoo! Answers Visit the source

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Absolutely not. China is here to stay. Most economists predict the Chinese economy will overtake the US within 20 years. And that was before the housing/economic crisis. Just thank China for saving the world economy from complete collapse. Check out this month's issue of Fortune magazine. China's been spending billions of dollars building factories in Texas, Nevada, S.Carolina...CREATING JOBS FOR AMERICAN WORKERS. That pretty much answers your question.

Happier in China

There are some signs, I hope its not true though because that could cause a double dip recession. That and Europe are making the world recovery worrisome.

Danko

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