I lived for 5 years or so in China and some years in Korea and Japan (and US). I am European.
I believe this piece is total non sense.
Japan is not what it used to be because they are getting older and older and because they have accumulated so much debt, but their products are as good as ever.
The country is extremely depressed if you talk with the people living there. With Abenomics and all the financial repression people get poorer every day. Their savings evaporate, future is dark.
On the other side, China economic boom made poor people feel great about the future. You could sense optimism whenever you were.
But in my opinion, China was(and is) a big bubble. Smart money wants to get out of China as soon as they can and need a greater fool to buy their investments. Smart money controls Bloomberg like a Puppeteer a puppet.
I believe this piece is total non sense.
Japan is not what it used to be because they are getting older and older and because they have accumulated so much debt, but their products are as good as ever.
The country is extremely depressed if you talk with the people living there. With Abenomics and all the financial repression people get poorer every day. Their savings evaporate, future is dark.
On the other side, China economic boom made poor people feel great about the future. You could sense optimism whenever you were.
But in my opinion, China was(and is) a big bubble. Smart money wants to get out of China as soon as they can and need a greater fool to buy their investments. Smart money controls Bloomberg like a Puppeteer a puppet.