The trouble with narratives like Japan is back, China is over

Ideas can come and go, and come again. The mania for Japan may abate if the current bright spot is really another false dawn. Does the current mood exaggerate China’s shortcomings and give enough space to things that it’s doing well? Exports are climbing nicely, and the country is becoming a clean-tech powerhouse. But that#39;s the beauty — and downside — of narratives. They tend to oversimplify complex matters, minimise nuance, and can outlive their usefulness Read The Rest at :