Fiscal Policy in China
Fiscal Policy in China

Author: Renqing Jin

Publisher:

Published: 2007

Total Pages: 216

ISBN-13:

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This is the first book that traces the evolution of China's fiscal policy and sums up the experience and lessons of implementing different modes of fiscal policy since the People's Republic of China was founded in 1949. It also looks ahead to the future trends of China's fiscal policy. The book analyzes China's fiscal policy since 1949 with a focus on the period after 1992, elaborates on the functioning mechanism of fiscal policy, and discusses in detail the backgrounds, major measures, and achievements of the moderately tight fiscal policy, proactive fiscal policy, and prudent fiscal policy. It also reviews the experience the Chinese government has accumulated in the process of practicing macro economic control through fiscal instruments, and forecasts the fiscal policy orientation in the years to come. This book is written for policy makers, researchers, entrepreneurs, businessmen, and all who desire a better understanding of China's fiscal policy.Also available in the Gale Virtual Reference Library (eBook).eBook pricing varies according to the size of your institution. Please contact us for details.eBook ISBN-13: 9789814253635Available Now

China’s Fiscal Policy
China’s Fiscal Policy

Author: Gao Peiyong

Publisher: Routledge

Published: 2018-05-16

Total Pages: 172

ISBN-13: 131748083X

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Fiscal policy has always been a primary measure of macroeconomic control. The fiscal revenue and expenditure can influence the operation of the whole economic and social activities by changing the existing GDP distribution pattern, affecting the consumption and investment of enterprises and people, etc. Within the framework of macroeconomic analysis, this book reviews the evolution of China’s fiscal policy, and the main changes China’s economy has experienced since 1990s. To begin with, it makes an empirical research of China’s national debts, including their relationship with macroeconomic regulation and total social demand. Besides, it examines the economic effect mechanism of national debts issuance. Then it focuses on the taxation issues, elucidating the sources of tax revenue growth and the judgments on tax burden. The issue of tax reduction is also covered, especially its complexity in China. Lastly, it provides insights into China’s fiscal tendency, changes of macroeconomic policies, and financial operation in the context of the "New Normal". Scholars and students in economics, finance and Chinese economic studies will be attracted by this book. Also, it will appeal to readers interested in modern Chinese economic history.

China's Fiscal Policy
China's Fiscal Policy

Author: Gao Peiyong

Publisher: Taylor & Francis

Published: 2017-07-06

Total Pages: 125

ISBN-13: 1317480864

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As an important macroeconomic variant, the fiscal revenue and expenditure can influence the operation of the whole economic and social activities by changing the existing GDP distribution pattern, affecting the consumption and investment of enterprises and people, etc. Thus, fiscal policy has always been a primary instrument of macroeconomic regulation. This book imports fiscal policy into the framework of macroeconomic analysis and through the analysis of the former, it unfolds the major changes of China's macroeconomic operation in the past 20 years. This book begins with China's rejoining the General Agreement on Tariffs and Trade (GATT) in the 1990s which enabled China to deepen the reform and join the international market finally. It elaborates on the challenges China's taxation would be confronted with after rejoining the GATT, including the decrease of tax revenue and higher requirements for tax reform. Then this book combs China's fiscal policies under various economic situations chronologically–tax policy under the background of deflation, proactive fiscal policy at the beginning of 21st century, macroeconomic policy options facing a complicated and volatile economy, etc. How to deal with the ¡°new normal¡± of development China's economy has entered is also addressed. This book will appeal to scholars and students of economics and China's economic studies.

China's Return To Expansionary Fiscal Policy
China's Return To Expansionary Fiscal Policy

Author: Shuanglin Lin

Publisher: World Scientific

Published: 1999-09-30

Total Pages: 35

ISBN-13: 981449416X

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This volume examines China's government budgetary condition, analyses the new expansionary fiscal policy, and discusses policy options. China's government budgetary revenue has declined dramatically since the start of economic reforms. Facing slower economic growth, China's new fiscal policy is to increase government expenditures by issuing bonds. With a large increase in government spending, it should not be difficult to achieve 7% growth in 1999. The government should conduct serious cost-benefit analyses of every public project in order to prevent scarce funds from being wasted. In the long run, the government should focus on merging the extra-budgetary and off-budgetary revenues into budgetary revenues, instead of allocating more resources to the government sector.

China's Fiscal Policy
China's Fiscal Policy

Author: Gao Peiyong

Publisher: Routledge

Published: 2018

Total Pages: 172

ISBN-13: 9781315707761

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Fiscal policy has always been a primary measure of macroeconomic control. The fiscal revenue and expenditure can influence the operation of the whole economic and social activities by changing the existing GDP distribution pattern, affecting the consumption and investment of enterprises and people, etc. Within the framework of macroeconomic analysis, this book reviews the evolution of China's fiscal policy, and the main changes China's economy has experienced since 1990s. To begin with, it makes an empirical research of China's national debts, including their relationship with macroeconomic regulation and total social demand. Besides, it examines the economic effect mechanism of national debts issuance. Then it focuses on the taxation issues, elucidating the sources of tax revenue growth and the judgments on tax burden. The issue of tax reduction is also covered, especially its complexity in China. Lastly, it provides insights into China's fiscal tendency, changes of macroeconomic policies, and financial operation in the context of the "New Normal". Scholars and students in economics, finance and Chinese economic studies will be attracted by this book. Also, it will appeal to readers interested in modern Chinese economic history.

China's Fiscal and Monetary Policies in the New Era
China's Fiscal and Monetary Policies in the New Era

Author: Da Huang

Publisher:

Published: 2018

Total Pages: 0

ISBN-13: 9781844644964

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This book aims to discuss the new opportunities and challenges facing China's economy under the background of global economic adjustment and China's corresponding strategy and policy choice. In the past decade, fiscal and monetary policies have played an important and positive role in China's stable economy growth. Faced with the new macro-economy pattern as a result of economic globalization and global economic adjustment, and with the requirements of building a new macro control system, it is necessary to give a new interpretation to the successful coordination between fiscal and monetary policies. In the context of globalization, how should China's reformations and "opening-up" continue forward while guaranteeing economy's sustainable growth, social harmony and political progress? To balance the role of government and the market, and to make the market effective in the world of globalization, will inevitably a big policy challenge that should be treated seriously by both the government and academic institutions. This book looks into China's economic growth and policy mix in the context of global economic adjustment from a historical perspective where the long-term evolution of macro-economy is considered. It provides new theoretical explanations to important issues such as: global economic adjustment and China's policy choices; institutional reform, the degree of openness and factors behind China's economic growth; global economic adjustment and mix pattern of fiscal and monetary policies; and more.

China 2049
China 2049

Author: David Dollar

Publisher: Brookings Institution Press

Published: 2020-06-09

Total Pages: 444

ISBN-13: 0815738064

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How will China reform its economy as it aspires to become the next economic superpower? It's clear that China is the world's next economic superpower. But what isn't so clear is how China will get there by the middle of this century. It now faces tremendous challenges such as fostering innovation, dealing with ageing problem and coping with a less accommodative global environment. In this book, economists from China's leading university and America's best-known think tank offer in depth analyses of these challenges. Does China have enough talent and right policy and institutional mix to transit from input-driven to innovation-driven economy? What does ageing mean, in terms of labor supply, consumption demand and social welfare expenditure? Can China contain the environmental and climate change risks? How should the financial system be transformed in order to continuously support economic growth and keep financial risks under control? What fiscal reforms are required in order to balance between economic efficiency and social harmony? What roles should the state-owned enterprises play in the future Chinese economy? In addition, how will technological competition between the United States and China affect each country's development? Will the Chinese yuan emerge as a major reserve currency, and would this destabilize the international financial system? What will be China's role in the international economic institutions? And will the United States and other established powers accept a growing role for China and the rest of the developing world in the governance of global institutions such as the World Trade Organization and the International Monetary Fund, or will the world devolve into competing blocs? This book provides unique insights into independent analyses and policy recommendations by a group of top Chinese and American scholars. Whether China succeeds or fails in economic reform will have a large impact, not just on China's development, but also on stability and prosperity for the whole world.

Fiscal Policy in China
Fiscal Policy in China

Author: Roy W. Bahl

Publisher:

Published: 1999

Total Pages: 278

ISBN-13:

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In this book Professor Roy Bahl traces the history of the 1994 tax reform in China and evaluates its impact. The 1994 reform was the most systematic and comprehensive restructuring of China's revenue system. It covered the country's tax structure, tax administration, central-provincial fiscal relations, and provincial-local fiscal relations. In a concluding chapter, he examines possibilities for continuing taxation reform in China. Only a scholar with Professor Roy Bahl's extensive experience as adviser to developing countries on tax reform could have written a book with such breadth and depth. This book should be required reading for all students of economic development, comparative fiscal systems, or the Chinese economy.

The fiscal policy and soft budget constraints of China
The fiscal policy and soft budget constraints of China

Author: Difrine Madara

Publisher: GRIN Verlag

Published: 2020-02-18

Total Pages: 8

ISBN-13: 3346115291

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Academic Paper from the year 2019 in the subject Politics - International Politics - Region: Far East, grade: A, , language: English, abstract: This work provides a critical review and discussion of studies that have been conducted in the past regarding the fiscal policy and soft budget constraints of China. The author explains the concept of fiscal sustainability and reviews some of the fiscal policies adopted by China to realise fiscal sustainability. The author also evaluates the challenges towards attaining fiscal sustainability in China and discusses the the concept of soft budget constraint and how it has been cultivated into China’s fiscal policies.

Fiscal Policy and Institutional Renovation in Support of Innovative Country Building
Fiscal Policy and Institutional Renovation in Support of Innovative Country Building

Author: Jia Kang

Publisher: Routledge

Published: 2020-12-06

Total Pages: 543

ISBN-13: 135126463X

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Since the onset of the twelfth Five-Year Plan, China has been at the forefront as an innovative nation based on a carefully designed strategy. Despite this, it can be argued that the Chinese government requires a series of more effective and systematic fiscal and taxation policies. This book analyses the status quo and possible optimization of China’s fiscal and taxation policies. By drawing comparisons with other countries, as well as a practical investigation into the lessons China has drawn from elsewhere, the author shows how a nation should make steadily growing and optimized financial investments in science and technology in order to foster the optimum environment for innovation. It is shown that institutional innovation should be a systematic project which involves top-level design and top-down leadership. This volume will be a useful reference for students, scholars, and policy makes who are interested in financial policy.