Review of the year - 1997
Britain hands over Hong Kong to China; the Asian financial crisis; the Mahatir Mohammad and George Soros row, Kyoto climate deal; how small investors were conned in gold fraud.
A look back at the main business headlines of 1997. The last 12 months have seen Britain’s handover of Hong Kong to China and the Asian financial crisis hit countries including Thailand, Indonesia, Hong Kong and South Korea. We reflect on the row between the Malaysian Prime Minister, Mahatir Mohammad, and investment fund manager, George Soros, the Kyoto climate deal and how small investors were conned by the Bre-X gold fraud.
(Picture: A South Korean labour union member of Seoulbank, one of South Korea's most bad-debt burdened commercial banks in December 1997. Credit: Getty Images)
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