As 2024 draws to a close, the global economy has delivered its fair share of surprises, challenges, and lessons. Among them, the unprecedented yield inversion between China and Japan's 30-year government bonds stands out as a defining moment.
For the first time, Chinese long-term bond yields fell below that of Japan's—a signal of shifting dynamics in the world's second-largest economy.
For investors, policymakers, and analysts, this moment encapsulates the economic stories of 2024: China's battle against deflation, Japan's slow recovery from stagnation, and the ripple effects on global markets.
China: The dragon slows
China's economic slowdown became this year's most significant narrative. Once the symbol of rapid growth, it now faces structural challenges eerily like Japan's "lost decades." Core inflation hovered at a mere 0.2% in October, echoing the deflationary spiral that Japan endured after its property bubble burst in the 1990s.
Denne historien er fra December 11, 2024-utgaven av The Citizen.
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Denne historien er fra December 11, 2024-utgaven av The Citizen.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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City can regain focus in Italy
There's a spicy brew on the boil for TAB soccer customers with UEFA and CAF Champions League games, plus a raft of big-gun league matches included in TAB soccer pools - and TAB is pumping in over R700,000 into five bets in added-cash bonuses and a carryover.
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Cocomelon looks ready to notch a second win
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