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Crise économique |
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Desperate Measures. As Asia's year-old crisis deepens, governments flirt with some dubious cures. The danger is that they'll be distracted from fixing their bombed-out banks. | Far Eastern Economic Review |
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Experts
assess China's prospects as it undertakes grand reforms amid Asia's crisis
CHINA'S PRECARIOUS STABILITY AMID Asia's financial storms has put the country under the international spotlight. Can the new government of Premier Zhu Rongji successfully overhaul the troubled state-owned enterprises (SOEs) and creaky financial system? Will slower growth and job losses trigger social explosions? With some black-market quotes on the yuan up to 10% weaker than the official rate of 8.28 to the dollar, can devaluation be avoided? These and other questions were examined by a high-powered gathering of experts at the recent China Business Summit in Beijing, sponsored by the World Economic Forum. Among them were Fan Gang, director of China's National Economic Research Institute; Hu Angang, research fellow at the Chinese Academy of Sciences; and Laurence Brahm, managing director of the Naga Group, a Beijing-based business consultancy. |
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Asia's crisis lightens, but much work remains |
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Banks. Asia's institutions can be saved with a lot of money. Asia needs billions of dollars to recapitalize financial institutions |
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The opposition is not a potent force, but the economic crisis may be a binding factor |
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For foreign banks in Asia, the rush of new depositors is both good and bad. It has meant more business, from politicians. |
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Asia's crisis is a minor irritation to U.S. hi-tech companies |
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'WORK TOGETHER'. ASEAN's secretary-general speaks |
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Indonesia's Agony.The neighbors must try harder to limit the damage |
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South Korea's chaebol are unloading big : South Korea's last frontier opens up to overseas investors |
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Who Killed the Asian Miracle? Don't let ideology cloud the search for real culprits |
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A top economic
advisor to President-elect Kim Dae-jung yesterday rejected speculation
about a second financial crisis
beginning next month. |
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Hong Hong : Budget 98 : Recipe for economic recovery |
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