# In an op-ed, Prof. Roy Smith shares the economic lessons China can learn from Japan

1 Faculty News December 8, 2014 ![Financial News logo ](/sites/default/files/styles/246w/public/assets/images/con_030513.jpg?itok=TpE2KEls)>

Excerpt from [Financial News](http://www.efinancialnews.com/story/2014-12-08/china-must-learn-from-japan-unhappy-christmas) -- "China is the 'miracle economy' of today. It has much in common with the centralised, export-led economy of Japan before 1990. And it is vulnerable to similar sorts of asset bubbles that can devastate its economic momentum and progress."

[Read more](http://www.efinancialnews.com/story/2014-12-08/china-must-learn-from-japan-unhappy-christmas)