China’s nightmare: becoming the next Japan

Financial Times Wednesday 21 October 2026, 03:00 UTC 1 min read

Key Points

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

Tokyo lost decades when a property bust led to an economic slump. Could the same phenomenon undo Xi Jinping’s ambitions? [Image text:] 5 KA 1830205005118102223115 0000 1008 S

China (LOCATION) Japan (LOCATION) Tokyo (LOCATION) Xi Jinping’s (PERSON)

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China’s nightmare: becoming the next Japan

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