Reported about 1 year ago
On July 5, 2024, at 8:30 PM, the Chairman of Wealth Magazine Media, Xie Jinhe, discussed the repair of Japan's balance sheets following the burst of the economic bubble. Noting that Japan's balance sheet repair is nearing completion after thirty years, Xie Jinhe suggested that China might be next in line for this process. He highlighted shifts in conservative attitudes in Japan post-property market decline and speculated on China's need to focus on strengthening its economy by fostering goodwill and treating Taiwanese businesses well to alleviate economic pressures. Xie Jinhe also discussed the impact of deteriorating cross-strait relations on China's economy. Overall, the conversation emphasized the transition from Japan to China in terms of addressing balance sheet issues.
Source: YAHOO