UID:
almahu_9949385997102882
Format:
1 online resource (xii, 339 pages).
ISBN:
9780203505960
,
0203505964
,
9781134411078
,
1134411073
,
9781134411085
,
1134411081
,
9781134411030
,
1134411030
Series Statement:
Routledge studies on the Chinese economy
Content:
"The widely-held view of the Asian Financial Crisis is that it had no substantial impact on China. In fact, the country was far more vulnerable than most people realized, due to the high possibility of financial contagion entering the system from Hong Kong through Guangdong province. This book analyzes the severe policy challenge that it presented for China's leaders. The crisis in Guangdong's financial institutions provided a forewarning of the difficulties that lay ahead as China's integration with the global financial system deepened. The experience of Guangdong in the Asian Financial Crisis provided a profound lesson for China's policy-makers as they planned the country's strategy for financial reform in the following years. China was able to avoid disaster by astute and difficult policy choices, in the face of fierce pressure from outside the country, as well as from different domestic interests at many different levels. The successful resolution of the crisis provided a breathing space for the leadership. It gave it time to undertake necessary reforms in the country's financial system in the decade that followed the crisis"--
Additional Edition:
Print version: Nolan, Peter, 1949- China in the Asian financial crisis Milton Park, Abingdon, Oxon ; New York, NY : Routledge, 2020. ISBN 9780415303729
Language:
English
Keywords:
Electronic books.
DOI:
10.4324/9780203505960
URL:
https://www.taylorfrancis.com/books/9780203505960
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