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Will the People's Republic of China trigger off the next Asian crisis?

  • China
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Intereconomics

Abstract

During the first phase of the Asian crisis, there were no signs of it having any serious influence on the People's Republic of China, but the country does now appear to have been drawn into the crisis. In which areas of the Chinese economy are there serious problems likely to occur? What measures ought to be taken to counteract them?

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References

  1. Cf. e.g. James Harding: China throws a lifeline, in: Financial Times, 28th January 1999, p. 13; Frank Sieren: Viel Verständnis: China geht stabil in das zweite Jahr der Asienkrise, hat jedoch das Vertrauen westlicher Investoren verloren, in: Wirtschaftswoche, 10, 1999, pp. 51 f.

  2. Cf. AHST (=Foreign Trade Office at the Austrian Embassy, Beijing): China Nachrichten, 3/98, p. 26.

  3. ‘Singapurs Banken rechnen mit einer Abwertung des Yuan’, in: Frankfurter Allgemeine Zeitung, 16th March 1999, p. 33.

  4. Cf. Frank Sieren, op. cit., Viel Verständnis: China geht stabil in das zweite Jahr der Asienkrise, hat jedoch das Vertrauen westlicher Investoren verloren, in: Wirtschaftswoche, 10, 1999, p. 51.

  5. Cf. Peter Bofinger: Die internationale Wettbewerbsfähigkeit ganzer Volkswirtschaften: ein Phänomen auf der Suche nach einer Theorie, in: Kredit und Kapital, Vol. 28 (1995), pp. 484 ff.

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  8. cf. AHST, op. cit., China Nachrichten, 3/98, p. 26.

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  10. Cf. Liu Mingkang: Commitment to financial stability and greater efforts to introduce foreign investment, Speech by the deputy director of the People's Bank of China in Xiamen, September 1998, pp. 3 f.; ‘Zhu's struggle’, in: Financial Times, 8th March 1999, p. 15.

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  58. Cf. Dow Jones Newswire: China looks to farmers for next boom, 19th October 1998, Internet (http://infoseek.go.com).

  59. Cf. ‘Reibungslose Reform des Getreidemarketing betont’, op. cit., in: Beijing-Rundschau, Vol. 35 (1998), 33, p. 4.

  60. Cf. Dow Jones Newswire, op. cit. China looks to farmers for next boom, 19th October 1998, Internet (http://infoseek.go.com).

  61. Cf. ‘China's baby-boomers: the unlucky generation’, in: The Economist, 21st November 1998, pp. 63 f.

  62. Cf. ibid., ‘China's baby-boomers: the unlucky generation’, in: The Economist, 21st November 1998, p. 64; ‘Gebremste Reformen—Massive staatliche Stimulierung’, op. cit. in: Neue Zürcher Zeitung, 20th October 1998.

  63. Cf. China Monthly Statistics: The number and wage of total staff and workers by sectors, Internet (http://www.cel.gov.cn).

  64. Cf. ‘China's baby-boomers: the unlucky generation’, op. cit., in: The Economist, 21st November 1998, p. 63.

  65. Cf. ‘Zhu's struggle’, op. cit., in: Financial Times, 8th March 1999, p. 15.

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  1. University of Würzburg, Germany

    Nicolas Schlotthauer

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Schlotthauer, N. Will the People's Republic of China trigger off the next Asian crisis?. Intereconomics 34, 124–135 (1999). https://doi.org/10.1007/BF02930164

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