Reported about 5 hours ago
Suntory Holdings CEO, Takeshi Niinami, warned in a Yahoo Finance podcast that China could be on the brink of an economic downturn similar to Japan’s lengthy deflationary period following its bubble burst in the early 1990s. Highlighting issues like consumer reluctance to spend and overproduction, he noted that China's current economic concerns, such as low GDP growth and rising youth unemployment, need urgent attention. Niinami advocates for a shift towards private sector innovation and risk-taking to revitalize the economy.
Source: YAHOO