#Deflationary Expectations

🔥 🚀 China's Deflationary Pressures vs. Japan's Lost Decades: Balance Sheet Repair and Long-Term Trajectories

This essay deeply deconstructs the parallels and divergences between China's current macroeconomic adjustments and Japan's post-bubble 'lost decades.' We analyze the mechanisms of balance sheet contraction, demographic inflection points, and institutional backstops, dissecting the systemic financial crisis prevention floor and the critical long-term pivot from investment-driven to consumption-led growth.