Capital controls enabled China to emerge from the Asian financial crisis of 1997-1998 largely unscathed, even though its financial system was at least as fragile as those of the affected countries. The Asian financial crisis persuaded China’s leaders to shelve plans, launched in 1994, to liberalize the capital account.
资本控制使中国能够在1997至1998年的亚洲金融危机中大体无碍——尽管其金融系统至少和那些受危机影响国家一样脆弱。而这场危机也让中国领导人搁置了1994年启动的资本账户自由化进程。