The Southeast Asian Financial Crisis that began in Thailand and quickly spread to neighboring countries was an example of the cyclical nature of capitalism. This crisis caused massive political and economic fluctuations and competitive currency devaluations. Within this context China showed itself to be an economically stabilizing influence and a regional leader, the benefits of which it is continuing to enjoy today.

The Southeast Asian Financial Storm, or Asian Financial Crisis as

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By |2014-12-16T16:54:37-05:00January 22nd, 2012|Berkshire Encyclopedia of China, Business and Economy, System|Comments Off on Southeast Asian Financial Crisis of 1997 (1997 Nián Dōngnányà jīnróng wēijī 1997 年东南亚金融危机)|1997 Nián Dōngnányà jīnróng wēijī 1997 年东南亚金融危机 (Southeast Asian Financial Crisis of 1997)

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