China's economy is stumbling, but it still isn't as dire as Japan's 1990s collapse

• China's sputtering growth and property market hurdles have led to comparisons with Japan's troubles in the 1990s. 
• JPMorgan strategists said China risks "Japanification" if it doesn't stabilize its housing sector. 
• But key differences remain and China's economy isn't yet at the level of Japan's crisis 30 years ago. 

China's stumbling economy is drawing comparisons to Japan's from three decades ago, but experts say key differences separate the two.