China Faces Uphill Battle to Emulate Japan's Escape from Economic Crisis

Japan recently emerged from decades of economic malaise, offering a blueprint for China to escape its current property market crisis. However, China faces more adversarial global circumstances.

It took years for Japan's stimulus efforts and corporate reforms to gain traction before growth resumed. China's leadership may lack the patience for prolonged stimulus.

A weaker yen boosted Japan's exports. But the world would likely resist a weaker yuan and Chinese export surge.

Japan cultivated economic alliances, especially with the US, that bought its goods. China's relations with major economies are increasingly antagonistic.

Ultimately, without the right friends to buy its technology, China may struggle to export its way out of crisis as Japan did.