Fiscal Management and Economic Reform in the People's Republic of China

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Asian Development Bank, 1995 - Games - 271 pages
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Since 1979, economic reforms in the People's Republic of China have produced impressive gains in national income and living standards. The process, however, is not complete, and several aspects of the fiscal system need reform before the full benefits of a market economy can be realized. The government needs to be able to control revenue, expenditure, and the money supply. This can only be done if the Ministry of Finance is given greater powers to analyze the current economic situation, anticipate future changes, and guide economic reforms.

This book deals with the complex nature of the market-oriented reform process in the world's largest country. Although the focus of the study is on fiscal policy and the broader realm of public finance, it also addresses other economy-wide reforms under implementation. In the long term, the success of the fiscal reforms will hinge crucially on the enterprise, price and financial sector reforms, and on current, or planned, structural reforms that promote market-based macromanagement.

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Contents

Reforming the Financial System
5
Enterprise Reform
11
Overview of the Fiscal System in
23
Copyright

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About the author (1995)

Ken Messere was formerly Head of the Fiscal Affairs Division at the Organisation for Economic Cooperation and Development (OECD), before becoming a member of the Ruding Committee advising on business taxes in EU countries. He has acted as a consultant for the OECD, the IMF and the World Bank. His
previous books include Tax Policies in OECD Countries: Choices and Conflicts (IBFD 1993), and The Tax System in Industrialised Countries (OUP 1998). Flip de Kam is a tax lawyer with a strong interest in the economics of the public sector. After a career in the civil service he was appointed
Professor of Public Finance at Groningen University in 1988, and has also served as Head of the Tax Analysis Unit at the OECD Centre for Tax Policy and Administration from 1997 to 1999. Christopher Heady is currently Head of the Tax Policy and Statistics Division at the OECD. He is an economist who
has worked extensively on tax policy issues in both developed and developing countries, having been an Assistant Professor at Yale, a Lecturer then Reader at University College London and Professor of Applied Economics at the University of Bath. His previous books include Poverty and Social
Exclusion in Europe (Edward Elgar 2002) and Fiscal Management and Economic Reform in the People's Republic of China (OUP 1995).

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