China is due for a recession -- unless it start acting like Japan

AP Photo/Kin Cheung China has been transformed by a credit-fueled investment boom unlike anything the world has ever seen. A credit-based economy, built around what has effectively been the dollar standard, made it all possible. There’s no limit to the amount of credit that can be created under a fiat money system. And the dollar standard created a very large global boom, as U.S. dollars flooded into countries like China. Between 1990 and 2014, investment in China increased a staggering 50-fol...