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Every situation in life is temporary, so, when life is good, make sure you enjoy it, to the fullest.And when life is not so good, remember that it will not last forever, better days are on it s way!!!! " Little faith welcomes negativity & hinders the ability to recognize & receive "what God has 4 u! Whilst on vacation I got a call last week saying, "I've heard about U & I want U 2 work 4 me & then I want U 2 have my job! They called today & said "I don't need references, I'm coming 2 you." I said, "Did you google me?Sizzling property prices, a groaning debt load, wealthy tourists and tycoons willing to slap down eye-popping sums for art: China is starting to look like Japan before its economic bubble burst in the early 90s.The similarities are not lost on Beijing: President Xi Jinping has commissioned a study to help China avoid Japan's pitfalls, according to Bloomberg, as growth slows and ratings agencies sound the alarm over its debt.But Chinese "authorities are more able to regulate bank loans and the financing of speculative transactions, and they can intervene in markets", said Ivan Tselichtchev, an economics professor Japan's Niigata University.Others point out that China is not the advanced economy that Japan was at the time its bubble burst, meaning there is much more room for the economy to grow and increase productivity.Japan's debt load is now more than 200 percent of its Gross Domestic Product.China's debt is around 260 percent of GDP, up from around 140 percent before the 2008 financial crisis.
"What's scary is that people in China are thinking, 'China is special, so we are OK.' That's exactly how people felt in Japan during the bubble era," said Kokichiro Mio, senior economist at NLI Research Institute.Fears over China's groaning debt load were heightened after the IMF warned Tuesday the world's second largest economy was on a "dangerous" path, urging Beijing to take a more sustainable course and speed up structural reforms.China was also downgraded this summer by Moody's with the credit rating agency citing the country's ballooning debt, sparking an angry response from Beijing.Eighties-era Japan kept interest rates low, creating excessive liquidity in its economy.Frenzied buying saw land prices quadruple in the mid-to-late eighties, and the Nikkei stock index hit almost 40,000 in 1989 -- double its current level.