China's economy is shaky but not as bad yet as Japan's 1990s collapse

or talk about deflation, the Financial Times reported.

Only this year have Japan's stock markets returned within range of the highs seen in 1990. The Nikkei 225 breached the 30,000 mark in May for the first time in over three decades. "People quickly go to a comparison with Japan, and whatever bubbles exists in China now versus the scale of Japan's," Dollar said, noting that he doesn't think the analogy is fully justified even as growth in China slips. China must stabilize its real estate market and address its aging population"An alarming signal is that secondary home prices have started to fall again in some cities in recent months, after a tentative recovery in 1Q23," the bank said.

The country also produces more STEM graduates and boasts a far larger domestic market and more robust manufacturing sector than Japan did in the 1990s.

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