Investors began to take fright at the scale of current-account deficits in countries such as Thailand, where export growth had stalled or slowed, in part as a result of new competition from China.

• 投资者对诸如泰国等国的经常账户赤字的规模惊骇不已，这些国家的出口停滞或减缓，部分因为新的来自中国的竞争。