China's Return To Expansionary Fiscal Policy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook China's Return To Expansionary Fiscal Policy write by Shuanglin Lin. This book was released on 1999-09-30. China's Return To Expansionary Fiscal Policy available in PDF, EPUB and Kindle. 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 Return to Expansionary Fiscal Policy
China's Return to Expansionary Fiscal Policy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook China's Return to Expansionary Fiscal Policy write by Shuanglin Lin. This book was released on 1999. China's Return to Expansionary Fiscal Policy available in PDF, EPUB and Kindle. Prepared by the East Asian Institute, NUS, which promotes research on East Asian developments particularly the political, economic and social development of contemporary China (including Hong Kong and Taiwan), this series of research reports is intended for policy makers and readers who want to keep abreast of the latest developments in China. Lin Shuanglin examines China's government budgetary condition, analyses the new expansionary fiscal policy, and discusses policy options.
China's Expansionary Fiscal Policy for Stabilising Economic Growth
China's Expansionary Fiscal Policy for Stabilising Economic Growth - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook China's Expansionary Fiscal Policy for Stabilising Economic Growth write by Jiwei Qian. This book was released on 2020. China's Expansionary Fiscal Policy for Stabilising Economic Growth available in PDF, EPUB and Kindle.
China Fiscal Policy Revamp Faces Hurdles
China Fiscal Policy Revamp Faces Hurdles - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook China Fiscal Policy Revamp Faces Hurdles write by United States-china Economic and Security Review Commission. This book was released on 2014-10-07. China Fiscal Policy Revamp Faces Hurdles available in PDF, EPUB and Kindle. During his first year in office, President Xi Jinping put fiscal reform back on top of China's policy agenda. The Party Politburo followed the president's lead in June, promising to finish major fiscal and tax reform tasks by 2016 and establish a modern fiscal system by 2020.1 Among the proposals is the elimination of a tax that discriminates against services companies, adding a recurring tax on property, and imposing a price-based tax on coal, along with measures to improve budget management. China last overhauled its tax-and-spend system in 1994, when the country's economy was much smaller and its accession to the World Trade Organization was in doubt. The economy took off in the ensuing years, but the fiscal system remained largely unaltered. Fiscal reform in the world's second-largest economy now carries significant implications for U.S. businesses and the world economy. Why now? Finance Minister Lou Jiwei, after six years as Chairman of China Investment Corporation (China's sovereign wealth fund), wants to make his mark as a reformer. The government is also facing gaps in the budget. An audit commissioned last fall by Premier Li Keqiang revealed local governments across the country are mired in debt that will soon mature and must either be rolled over or retired with new revenue.
China in the Global Economy
China in the Global Economy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook China in the Global Economy write by Sunanda Sen. This book was released on 2010. China in the Global Economy available in PDF, EPUB and Kindle. China occupies a unique position among developing countries. Its success in achieving relative stability in the financial sector since the institution of reforms in 1979 has given way to relative instability since the beginning of the current global financial crisis. Over the last few years, China has been on a path of capital account opening that has drawn larger inflows of capital from abroad, both foreign-direct and portfolio investment. Of late, a surge in these inflows has introduced problems for the monetary authorities in continuing with an autonomous monetary policy in China, especially with large additions to official reserves, the latter in a bid to avoid further appreciation of the country's domestic currency. Like other developing countries, China today faces the “impossible trilemma” of managing the exchange rate with near-complete capital mobility and an autonomous monetary policy. Facing problems in devising and sustaining this policy, China has been using expansionary fiscal policy to tackle the impact of shrinking export demand. The recent drive on the part of Chinese authorities to boost real demand in the countryside and to revamp the domestic market shows a promise far different from that of the financial rescue packages in many advanced nations. The close integration of China with the world economy over the last two decades has raised concerns from different quarters that relate both to (1) the possible effects of the recent global downturn on China and (2) the second-round effects of a downturn in China for the rest of world.
