000			01600cam a22001578i 4500
999			_c37419 _d37419
020			_a9780415303729
082	0	0	_a330.9510611 _bNOL-C
100	1		_aNolan, Peter, _eauthor.
245	1	0	_aChina in the Asian financial crisis / _cPeter Nolan.
260			_aNew York: _bRoutledge, _c2021.
300			_axii, 339p. _b:ill,
504			_aIncludes bibliographical references and index.
520			_a"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"--
650		0	_aFinancial crises _zChina.
942			_2ddc _cBK