New car models on show at the Auto Shanghai 2019. Photo: AP
Yang Xu
Opinion

Opinion

On Reflection by Yang Xu

China beware, the road to an open financial system is paved with Asian casualties

  • From Japan’s burst bubble to Thailand’s battered baht, past attempts at financial liberalisation by Asian economies highlight the pitfalls ahead
  • Beijing must learn from the region’s failures, or pay a heavy price

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New car models on show at the Auto Shanghai 2019. Photo: AP
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Yang Xu

Yang Xu

Yang Xu is a first-year Master in Public Policy student at the Hong Kong University of Science and Technology.