China has to stabilize its housing market and address risks to its economy if it wants to avoid ‘Japanification’, JPMorgan says

Falling birth rates saw China’s population drop by 850,000 people last year, according to official figures. Zhu Xudong/Xinhua via Getty Images JPMorgan strategists warned that China could turn into the Japan of the 1990s unless it addresses specific economic challenges. China has a rapidly aging population and a difficult macro environment, but it also has some strong points. Beijing must stabilize its housing market to avoid the same pitfalls Japan faced decades prior. China could soon resemble the slow-growth, financially-stagnating Japan of the 1990s if it doesn’t address its economic challenges soon, according to JPMorgan. Strategists warned Wednesday of the…