A possible reason why China was less affected by the Asian crisis is that its government exerts more influence on private enterprise than the governments of other Asian countries.

Question

Quizplus · Accepted Answer

China's government has a significant role in regulating and controlling its economy, including private enterprise, through policies such as state-owned enterprises and controlling interest rates. This may have allowed China to weather the Asian crisis better than other countries where private enterprise had more autonomy.

A Possible Reason Why China Was Less Affected by the Asian