Research On The Asian Financial Crisis In 1997 And China's Response Strategies

In 1997 by the Soros represented investors for Asian stock and currency markets to frenzied speculation,Some Asian countries,led by Thailand,in order to avoid the impact of hot money,abandon the pegged exchange rate system,devaluation of the Thai baht.Sparked by a massive financial crisis,the Asian financial crisis.In this time of crisis,China's economy has also been affected.In response to the impact of the Asian financial crisis,from the effects of the crisis in our country,China Government has introduced a series of macroeconomic policies.This paper done in terms of fiscal policy analysis.In this paper,development and causes of the Asian financial crisis are analyzed and comb,and summarizes the impact of the Asian financial crisis on China.And China's reaction to the outbreak of the Asian financial crisis sorts out.In terms of coping strategies to prevent outbreak of crisis in our country,our country has implemented a proactive fiscal policy.For an analysis of this strategy,this paper compares the before and after the crisis,fiscal policy,and the implementation of fiscal policy in investing and analyzes the effect on consumption,and financial expenditures and revenues on economic impact analysis has been done.Results show that the proactive fiscal policy has led to economic growth.