China Builds a Wall-But Will It Hold?

Continues a series of articles on reshaping the world financial system. Effect of the Asian economic crisis on China; Devaluation of the yuan in 1999 as inevitable; Assertion Chinese authorities should beware of scaring off foreign investment; How the Chinese are gambling that state controls can blunt the worst effects of global capitalism; Late September, 1998 crack down by the State Council on the use of unathorized foreign exchange dealings. INSETS: China's problems...;...and its solutions.