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7 China and the Asian Crisis

7 China and the Asian Crisis »

Source: China : Competing in the Global Economy

Series: Books

Author(s): Wanda Tseng , and Markus Rodlauer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 February 2003

ISBN: 9781589061781

Keywords: fdi, direct investment, foreign direct investment, nonperforming loans, tfp

China’s economy performed well during the Asian financial crisis of 1997–99, especially when compared with other countries in the region. GDP growth remained high, the external current account in surplus, of...