Like Japan, will China risk losing its own decade? CEO of alcohol giant warns
Japanese whiskey brand boss lays his opinions
Suntory Holdings CEO Takeshi Niinami is of the opinion that China is currently at its 'tipping point' and may follow the footsteps of Japan, when it had ended up bursting its economic bubble in the 90s, that had led to a deflationary period of nearly three decades. If the same happens with China, there is no saying how badly the national economy as well the word markets are going to be affected.
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Suntory owner skeptical of Chinese economy?
Suntory currently owns a major portion of the alcohol manufacturing market in the world, also having acquired Jim Beam as part of a $16 billion acquisition, back in 2014. According to Niinami, the deflationary circumstance could be because of the fact that the Chinese do have money and are not willing to spend it, leading to an imbalance in the economy, and an unhealthy economic flow. Moreover, he has also referred to this circumstance as an 'invisible monster' doing the rounds, and can show its might at any time, leading to a major impact in the world markets.
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