China enters "danger zone", BOJ official claims

Source: Bloomberg
China is stepping into a demographic "danger zone" where a financial recession may become more probable due to rise in mortgages and property prices corresponding with an aging of the population, a Bank of Japan Deputy Governor Kiyohiko Nishimura announced on Tuesday. China is in danger of similar crises in the U.S. in 2000s and in Japan in 1990s as number of working-age people in China is near peaking.

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