Part 8/10:
Current strategies outlined by the CCP, such as encouraging banks to issue more personal consumption loans, may simply mask underlying issues rather than address them. Furthermore, any proposals to bolster sectors like retail and services—areas identified as weak spots—need to be viewed with skepticism, as similar initiatives in the past have failed to yield positive results.
Lessons from History
Historically, China's economic trajectory has mirrored that of Japan, which found itself grappling with a prolonged economic malaise during the 1990s and early 2000s. Both cases underscore the perils of over-reliance on government intervention in markets that ultimately require sustainable growth driven by a vibrant private sector.