Description: China in the Asian Financial Crisis, Hardcover by Nolan, Peter, ISBN 0415303729, ISBN-13 9780415303729, Brand New, Free shipping in the US "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 theglobal 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"--
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Book Title: China in the Asian Financial Crisis
Number of Pages: 368 Pages
Language: English
Publication Name: China in the Asian Financial Crisis
Publisher: Taylor & Francis Group
Publication Year: 2020
Subject: Ethnic Studies / General, International / Economics, Economic History, Economic Conditions, General, Public Policy / Economic Policy
Type: Textbook
Item Length: 9.2 in
Author: Peter Nolan
Subject Area: Political Science, Social Science, Business & Economics
Series: Routledge Studies on the Chinese Economy Ser.
Item Width: 6.2 in
Format: Hardcover