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 strong control over the national economy and banking system through policies, regulations, and state-owned enterprises. This strong influence allowed for better management of the crisis and investment in key industries, such as infrastructure and technology. Other Asian countries had a more hands-off approach to private enterprise, which left them more vulnerable to the economic shocks of the crisis.

A Possible Reason Why China Was Less Affected by the Asian