The Asian pre-NFP session has reverted to form. While we wait for some action, here's a piece from Bloomberg:
Goldman Sachs analysts say "Just like Japan, we believe China will eventually face a period of much slower growth"
The argument is that
- China's leaders are repeating the missteps the Japanese made that tanked Japan's economy and thwarted its revival
- The methods Beijing employed to generate rapid growth-directing finance, nurturing targeted industries, and promoting exports-are replicas of Japan's.
