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Opinion

Asia will struggle to cut dependence on IMF rescues

Region's economies grow stronger, but still lack resources to fight big crises alone

| China

Asian policymakers are adamant that they will do whatever it takes to fight financial instability with their own devices rather than seeking the support of the International Monetary Fund as they were forced to do in the 1997 Asian financial crisis.

The memory of that shock is still vivid in the region and mistrust endures despite some rapprochement in recent years.

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