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In Japan, they call it “the collapse of the ‘Chinese collapse’ theory.”
The line, which harks back to more than a decade of dire predictions about China, is a joking way to describe the state of the Middle Kingdom’s economy.
Far from falling in debt-laden heap, the economy is looking robust in the medium term. Many of the perennial China bears are retreating into hibernation.
It is a joke delivered somewhat mordantly, of course, as the Japanese thrive on a strong Chinese economy and also fear a strong China, much like many Australians.
The article's full-text is available here.
