search query: @author Xiao, Zhuoji / total: 3
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| Author: | Xiao, Zhuoji Chen, Bincai |
| Title: | Is Asian financial crisis end? (original in Chinese) |
| Journal: | Economy and Information (c)
1999 : 5, p.6-9 |
| Index terms: | FINANCIAL RISK ASIA FINANCIAL CRISES |
| Language: | chn |
| Abstract: | From some economic index and tendencies,the GDP of the developing countries in Asia will increase from 2.6% in last year to 4.4%. Xiao Zhuoji, the professor of Beijing University, indicates the most difficult period of the crisis is passed. Considering the financial system and other factors, it is over-optimistic to think that Asian economy has entered the recovery period. Firstly, the financial system is still imperfect and restrains economic recovery. Secondly, the factors such as investment and import that can bring along economic growth will know their influence on economy in 1999. As to the deep reasons of the crisis, it is likely that Asian financial crisis will recur. Of considering international financial reform situation, China can not hope that western countries do something for the precaution again crisis. |
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