CHINA'S FISCAL PREDICAMENT.
China's current fiscal situation is marked by a huge gap between the available resources and the inevitable fiscal needs of the Chinese government. Beijing has been unable to significantly improve its fiscal position by adopting new fiscal systems because of the strong opposition of local government...
| Publicado en: | American Asian Review Vol. 21; no. 1; pp. 25 - 54 |
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| Formato: | Artículo |
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Center of Asian Studies
Spring2003
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=9978703&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 9978703 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 07376650 6MK jtl: American Asian Review issn: 07376650 maglogo: N pubinfo: dt: Spring2003 vid: 21 iid: 1 pid: 8041 pub: Center of Asian Studies artinfo: ui: 9978703 ppf: 25 ppct: 29 formats: fmt: @attributes: type: P size: 2.7MB tig: atl: CHINA'S FISCAL PREDICAMENT. aug: au: Chen-yuan Tung su: Fiscal policy Public finance China sug: subj: China Fiscal policy Public finance ab: China's current fiscal situation is marked by a huge gap between the available resources and the inevitable fiscal needs of the Chinese government. Beijing has been unable to significantly improve its fiscal position by adopting new fiscal systems because of the strong opposition of local governments. As a result, the Chinese government heavily relies on debt to sustain the fiscal function. Consequently, the fiscal solvency of the Chinese government is gravely threatened in the future. Specifically, on the one hand, it is imperative for Beijing to continue its proactive fiscal policy to maintain necessary and vital rapid economic growth; on the other hand, the Chinese fiscal expansion needs to be reduced as soon as possible because of the concerns of mounting deficit and debts. This poses a serious dilemma for China. In addition, China's current tax system does not moderate, but exacerbates, regional inequalities. China needs to install an adequately funded system of equalization grants in order to balance regional inequalities. Moreover, China must change the basis of rural taxation in order to prevent deteriorating social instability in its rural areas. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y custom: Copyright of American Asian Review is the property of Center of Asian Studies and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. item: American Asian Review holder: Center of Asian Studies dt: @attributes: year: 2003 holdings: @attributes: islocal: N |
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