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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.<br><br>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.<br><br>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.<br><br>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.<br><br>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.<br><br>Debt-fuelled investment in infrastructure and real estate has underpinned Chinese growth for years since the global financial crisis a decade ago decimated growth in Western markets that booming exporters relied on for growth.<br><br>Japan was the original Asian tiger, with growth surging at an average 9.0 percent annually between 1955 and 1973 in the long postwar boom, turning it into one of the world's great economic powers.<br><br>Japan was the original Asian tiger, with growth surging at an average 9.0 percent annually between 1955 and 1973 in the long postwar boom, turning it into one of the world's great economic powers.<br><br>China has also basked in heady growth -- replacing Japan as the world's number two economy in 2010 -- and has not seen a single recession in decades.<br><br>When you loved this informative article and you wish to receive more info about bubble shooter pet kindly visit our website. - United in debt -<br><br>Japan too is groaning under a huge national debt, the legacy of monetary and fiscal policies aimed at boosting growth.<br><br>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.<br><br>Eighties-era Japan kept interest rates low, creating excessive liquidity in its economy.<br><br>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.<br><br>The inauguration ceremony for Japan's first bullet train service, the Tokaido Shinkansen, in Tokyo in 1964, as the country enjoyed a long postwar boom.<br><br>But it all came to an end when the central bank abruptly tightened policy. Stock and land prices plunged, businesses stopped investing, consumers stopped spending and bad loans piled up.<br><br>That ushered in a period of low or no growth known as the "lost decades".<br><br>Chinese stock prices remain well off their 2015 highs. But mainland house prices have been soaring, particularly in hubs like Beijing, Shanghai and southern industrial powerhouse Shenzhen.<br><br>Both countries saw their arrival on the world stage announced by striking acquisition of foreign assets, as Chinese overseas investment hit $170 billion last year, surging 44 percent from 2015.<br><br>China's Anbang Insurance bought New York's Waldorf Astoria hotel for almost $2 billion in 2014, while tycoon Liu Yiqian purchased Modigliani's "Nu Couche" for a record $170.4 million in 2015.<br><br>Japan too is groaning under a huge national debt, the legacy of monetary and fiscal policies aimed at boosting growth.<br><br>Those big-ticket purchases bear the hallmarks of when Sony scooped up Columbia Pictures for $3.4 billion in 1989 and Mitsubishi Estate paid nearly $850 million for the controlling stake in the operator of New York's Rockefeller Center.<br><br>In 1990, Japanese paper tycoon Ryoei Saito bought Vincent Van Gogh's "Portrait of Dr Gachet" for $82.5 million and Pierre-Auguste Renoir's "Bal du Moulin de la Galette" for $78.1 million.<br><br>"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.<br><br>- Reining in the rhinos -<br><br>Still, China is not a mirror image of Japan 30 years ago.<br><br>The Chinese economy and its currency are tightly controlled by the state and shielded from foreign influence to a far greater extent than Japan.<br><br>Some 80,000 people walking on Akashi Kaikyo bridge, the world's longest suspension bridge in Kobe, western Japan, one month before it opened in 1998.<br><br>And Beijing has launched a crackdown on "grey rhinos" -- powerful private conglomerates -- amid fears they are racking up dangerous debt levels through buying frenzies and threatening financial stability.<br><br>"The current circumstance in China is considerably better than that of Japan back then," said He Chao, assistant professor at Shanghai University of Finance and Economics.<br><br>"The whole property market... is under relatively strong control of the Chinese government."<br><br>Lessons from Japan suggest officials should have acted more quickly to bring in stricter banking regulations to keep lenders from overextending themselves and better manage the economic slowdown.<br><br>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.<br><br>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.<br><br>Since the 90s, Japan has endured a period of low or no growth known as the "lost decades".<br><br>But even if China is headed for Japan-style troubles, warnings from its neighbour may not mean much.<br><br>"Unless you feel the pain, I think the message doesn't quite hit home," said Mio of NLI Research Institute.<br><br>"China is not without people who are voicing concerns, but as it was in Japan, that doesn't stop people from investing especially when you think prices will only go up."
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When you think of luxury, things like cars, cologne and chocolate first spring to mind. However, an extremely luxurious experience is taking a bubble bath. You smell it, feel it, delight in the sounds of the bubbles bubbling and the foamy look of them. A real bubble bath is not from a box. Also, just pouring liquid bath gel does not count. They give a poor imitation of a genuine bubble bath. Treat yourself or your loved one to a bubble bath gift set.<br><br>For Pagan Purposes<br><br>For those in one of the Pagan religions, taking a purification bath is a required ritual before doing any spells. Not only does it set the mood for the magic to come, but it also shows respect for any spirits you may be petitioning. If you have any concerns relating to where by and how to use linked here, you can get in touch with us at our own webpage. Pagan theory suggests that spirits feed on scent as we feed on food. A bubble bath gift set would delight a Pagan, as they could use the different colors and scents for whatever spells they want to create.<br><br>Match with Tea<br><br>One of the things this writer used to do back in the days when she had money was to have a bubble bath and a cup of tea. I would match the scent of the tea with the scent of the bubble bath. I found a vanilla scented bubble bath matched well with a cup of regular black tea. Fruity smells went well with green tea. It was just a fun thing to do. But it required getting bubble bath gift sets in order to do the mixing and matching.<br><br>Bigger is Not Always Better<br><br>The big advantage of most bubble bath big sets is that you can try several scents and moisture levels of a line of bubble baths without having to make a major financial commitment. It's always a drag to buy a regular-sized bottle of any bathing product and discover it doesn't agree with your nose or your skin.<br><br>You can also get tired of the same scent or type of bubble bath all of the time. Bubble bath gift sets turns any bathtub into a fun and relaxing personal spa. Taking a bath can be a very sensual and refreshing experience, but it can be greatly enhanced with bubble bath gift sets. You can never have too many, because there's always new scent combinations you can explore. You can also mix two scents from the same bubble bath gift set to make a whole new smell.

Revision as of 20:23, 16 September 2017

When you think of luxury, things like cars, cologne and chocolate first spring to mind. However, an extremely luxurious experience is taking a bubble bath. You smell it, feel it, delight in the sounds of the bubbles bubbling and the foamy look of them. A real bubble bath is not from a box. Also, just pouring liquid bath gel does not count. They give a poor imitation of a genuine bubble bath. Treat yourself or your loved one to a bubble bath gift set.

For Pagan Purposes

For those in one of the Pagan religions, taking a purification bath is a required ritual before doing any spells. Not only does it set the mood for the magic to come, but it also shows respect for any spirits you may be petitioning. If you have any concerns relating to where by and how to use linked here, you can get in touch with us at our own webpage. Pagan theory suggests that spirits feed on scent as we feed on food. A bubble bath gift set would delight a Pagan, as they could use the different colors and scents for whatever spells they want to create.

Match with Tea

One of the things this writer used to do back in the days when she had money was to have a bubble bath and a cup of tea. I would match the scent of the tea with the scent of the bubble bath. I found a vanilla scented bubble bath matched well with a cup of regular black tea. Fruity smells went well with green tea. It was just a fun thing to do. But it required getting bubble bath gift sets in order to do the mixing and matching.

Bigger is Not Always Better

The big advantage of most bubble bath big sets is that you can try several scents and moisture levels of a line of bubble baths without having to make a major financial commitment. It's always a drag to buy a regular-sized bottle of any bathing product and discover it doesn't agree with your nose or your skin.

You can also get tired of the same scent or type of bubble bath all of the time. Bubble bath gift sets turns any bathtub into a fun and relaxing personal spa. Taking a bath can be a very sensual and refreshing experience, but it can be greatly enhanced with bubble bath gift sets. You can never have too many, because there's always new scent combinations you can explore. You can also mix two scents from the same bubble bath gift set to make a whole new smell.

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