The new Chief Economist at the IMF, Maurice Obstfeld, posed a challenging question at the end of his first major policy conference in charge last week: “Is China the new Japan?” This question has been asked before, usually in the context of the massive credit bubbles in the two economies. The deflationary lessons from Japan’s imploding bubble in the 1990s are often thought to be relevant to China’s credit bubble in the 2010s, and this story is far from over.
上周，国际货币基金组织(IMF)新任首席manbetx20客户端下载 学家莫里斯•奥布斯菲尔德(Maurice Obstfeld)在他负责的首个重要政策会议结束时，提出了一个挑战性的问题：“manbetx3.0 会成为又一个日本么？”这个问题之前已经有人问过，而提出这个问题的背景，通常是考虑到两个manbetx20客户端下载 体的大规模信贷泡沫。人们往往认为，1990年代日本泡沫破裂导致通缩的教训，与manbetx3.0 2010年代的信贷泡沫很相关，而且事情还远远未到结束的时候。
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