China Is In Danger Of Repeating Japan's Mistake In Policy DebateAs the New Year opens, the world is being rattled by developments in China's currency and stock markets. The Financial Times declares this the “Worst start to market year in two decades.” Many commentators, including myself, have already pointed out the underlying problems that China faces and the challenges for its policymakers. The problems are indeed deep-rooted in the economy, and it is essent
