Wang Yiming, a member of the Monetary Policy Committee of the People’s Bank of China (PBOC), told an Economic Forum on Wednesday, “China’s economic situation is very different from that of Japan in the 1990s and there is no basis for the feared ‘Japanification’.”
“There is no Japanification in China, we are still in the medium-to-high growth stage,” Wang added.
Source: https://www.fxstreet.com/news/pboc-adviser-china-expects-2023-economic-growth-of-slightly-more-than-50-202309270757