1997 The financial crisis in Asia was caused by Thailand's financial system, which led some world financial speculators to devalue the Thai baht excessively, and this financial crisis was caused by the subprime mortgage crisis in the United States.

1997 financial crisis mainly affected the Asian region. At that time, China was not fully liberalized, so it had little impact.

The financial crisis was caused by the United States, which is a country that affects all parts of the world, so the impact is much greater.

But I firmly believe that the financial crisis will not last long, because everyone is taking this problem seriously, then this problem will be solved. The financial crisis is man-made and can be solved artificially.