China in the Asian Financial Crisis
The challenge: the threat of forest fireIntroductionGuangdong in the 1990sLinkages between Hong Kong and GuangdongHong Kong in the Asian Financial CrisisGuangdong in the Asian Financial CrisisThe threat of contagion for China’s financial systemConclusionThe response: three steps (san bu zou) to control the fireIntroductionThe first step: the bankruptcy of Guangdong International Trust and Investment CorporationThe second step: restructuring Guangdong EnterprisesThe third step: cleaning up the local financial institutionsConclusion: the achievement of ‘cutting the trees to save the forest’ (kan shu jiu lin)POSTSCRIPT Finance and the real economy: China and the West since the Asian Financial CrisisIntroductionThe WestChinaInteraction between China and the WestFragile international financial systemBibliography
