Routledge China in the Asian Financial Crisis - Book

Explore the real impact of the Asian Financial Crisis on the Chinese economy. While many believe China remained unaffected, this book reveals the hidden vulnerabilities the country faced during this period. It examines the high risk of financial contagion spreading from Hong Kong through Guangdong province, presenting a detailed look at the policy challenges faced by Chinese leaders. This Routledge study analyzes how the crisis within Guangdong's financial institutions served as a warning for the future. As China's connection to the global financial system grew deeper, the experiences in Guangdong highlighted the difficulties of managing economic integration. This text provides a necessary perspective on the risks of financial contagion and the complex decisions made to protect the national economy during a period of global instability.