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China in the Asian Financial Crisis (Hardcover) Loot Price: R4,496
Discovery Miles 44 960
China in the Asian Financial Crisis (Hardcover): Peter Nolan

China in the Asian Financial Crisis (Hardcover)

Peter Nolan

Series: Routledge Studies on the Chinese Economy

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Loot Price R4,496 Discovery Miles 44 960 | Repayment Terms: R421 pm x 12*

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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.

General

Imprint: Routledge
Country of origin: United Kingdom
Series: Routledge Studies on the Chinese Economy
Release date: June 2021
First published: 2017
Authors: Peter Nolan
Dimensions: 234 x 156mm (L x W)
Format: Hardcover
Pages: 340
ISBN-13: 978-0-415-30372-9
Categories: Books > Reference & Interdisciplinary > Interdisciplinary studies > Area / regional studies > General
Books > Business & Economics > Economics > International economics > General
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LSN: 0-415-30372-9
Barcode: 9780415303729

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