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China's Financial Fragility and Policy Responses

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  • Yiping Huang
  • Yongzheng Yang

Abstract

This article discusses the problems facing China in the wake of the Asian financial crisis. Chinas has so far (September 1998) avoided devaluation of its currency, but growth has slowed down and much more economic reform is needed, especially of the fragile banking system. The article focuses on China's financial fragility and outlines the required policy measures. Copyright Asia Pacific School of Economics and Management, The Australian National University and Blackwell Publishers Ltd, 1998.

Suggested Citation

  • Yiping Huang & Yongzheng Yang, 1998. "China's Financial Fragility and Policy Responses," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 12(2), pages 1-9, November.
    • Handle: RePEc:bla:apacel:v:12:y:1998:i:2:p:1-9
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    File URL: http://hdl.handle.net/10.1111/1467-8411.t01-1-00037
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    Cited by:

    1. Bonin, John P. & Huang, Yiping, 2001. "Dealing with the bad loans of the Chinese banks," Journal of Asian Economics, Elsevier, vol. 12(2), pages 197-214.
    2. Beoy Kui Ng & Andreas Thorud, 2006. "China’s “Triangle of Woes” and Its Impact on Financial Stability," Economic Growth Centre Working Paper Series 0605, Nanyang Technological University, School of Social Sciences, Economic Growth Centre.
    3. Shah, Anwar, 2005. "Fiscal decentralization and fiscal performance," Policy Research Working Paper Series 3786, The World Bank.
    4. Huang, Yiping, 2002. "Is meltdown of the Chinese banks inevitable?," China Economic Review, Elsevier, vol. 13(4), pages 382-387, December.

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