ABSTRACT
The Asian economic crisis of 1997–98 left the People’s Republic of China (PRC) relatively unscathed. Even as its neighbors watched their stock markets plummet and their currencies depreciate, the PRC succeeded in maintaining its economy on a relatively even keel. However, structural deficiencies have the potential of choking continued Chinese growth. That, in turn, would affect the entire region’s economy, not to mention Chinese political stability, and would have implications for East Asian security.
