Weathering the Asian Financial Crisis: China's Economic Strengths, Weaknesses, and Survivability




Shalendra D. Sharma

Key Words

China ; Asian financial crisis ; banking sector ; state-owned enterprises (SOEs) ; international financial system


Issues & Studies

Volume or Term/Year and Month of Publication

36卷6期(2000 / 11 / 01)

Page #

80 - 115

Content Language


English Abstract

The Chinese economy has shown a remarkable resemblance to those of pre-crisis Thailand, Indonesia, South Korea, and Malaysia—being characterized by an asset bubble, high reliance on banking intermediation, poor prudential supervision, and financial system fragility. Yet, China defied common predictions and did not succumb to the financial crisis. What explains China's ability to withstand a major region-wide financial crisis? This study addresses this complex question and also elaborates on the reform measures China must implement in order to avoid being affected by future financial crises.

Topic Category 社會科學 > 政治學
Times Cited
  1. 李仲銘(2013)。國家對產業發展的角色扮演─以韓國IT的產業為例。臺北大學公共行政暨政策學系學位論文。2013。1-82。