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Thread: Do you remember 1997 Asian financial crisis?
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[quote=JIMMYB,330856]It is unlikely that Asia will suffer another huge financial crisis again though it has been affected by US financial crisis. As you know, this financial crisis, to be exact, credit crunch, roots in US, not Asia. Few Asian banks are involved in the subprime lending crisis. So the exports and domestic consumption might be affected but the financial crisis like that happened in 1997 is not likely to happen again.[/quote]
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