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Why China survived the asian financial crisis?

Author

Listed:
  • Shalendra D. Sharma

Abstract

The Chinese economy shows a remarkable resemblance to those of pre-crisis Thailand, Indonesia, South Korea and Malaysia — especially the asset bubbles, high reliance on banking intermediation, poor prudential supervision, and fragility of the financial system. Yet, China defied the common prediction and did not succumb to the financial crisis. What explains the China ability to withstand a major region-wide financial crisis? This study addresses this complex question, besides elaborating the reform measures China must implement to immune itself from future financial crises or its contagion effects. JEL Classification: O53. O57.

Suggested Citation

  • Shalendra D. Sharma, 2002. "Why China survived the asian financial crisis?," Brazilian Journal of Political Economy, Center of Political Economy, vol. 22(2), pages 225-252.
    • Handle: RePEc:ekm:repojs:v:22:y:2002:i:2:p:225-252:id:934
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/934/2142
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    Cited by:

    1. Wang, Rongji & Laila, Ume & Nazir, Rabia & Hao, Xibin, 2023. "Unleashing the influence of industrialization and trade openness on renewable energy intensity using path model analysis: A roadmap towards sustainable development," Renewable Energy, Elsevier, vol. 202(C), pages 280-288.

    More about this item

    Keywords

    China; East Asia; financial crises;
    All these keywords.

    JEL classification:

    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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