China’s economy is looking at a new wave of Japanification

The next few months put Japan in line for a series of anniversaries it would probably prefer to forget. But these are dates which the leadership in China may be wise to mark: the detonation of timebombs with counters set ticking by a property bubble.

For these are, some would argue, distinctly echoey times. New research suggests that, if it is not careful, China may be on track for a new wave of Japanification.

Back in 2003, Japan could…