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English; Paperback; 400 pages; 6x9
Published January 31, 2008 by World Bank
ISBN: 978-0-8213-6927-2; SKU: 16927
Since 1980, China’s economy has been the envy of the world. Is
annual growth rate of more than 9 percent during this period makes
China today the world’s fourth-largest economy. And this
sustained growth has reduced the poverty rate from 60 percent of the
population to less than 10 percent. However, such rapid growth has also
increased inequalities in income and access to basic services and
stressed natural resources. The government seeks to resolve these and
other issues by creating a harmonious society—shifting
priorities from the overriding pursuit of growth to more balanced
economic and social development.
This volume compiles analyses and insights from high-level Chinese
policy makers and prominent international scholars that address the
changes needed in public finance for success in the government’s
new endeavor. It examines such key policy issues as public finance and
the changing role of the state; fiscal reform and revenue and
expenditure assignments; intergovernmental relations and fiscal
transfers; and financing and delivery of basic public goods such as
compulsory education, innovation, public health, and social protection.
And it offers concrete recommendations for immediate policy changes and
for China’s future reform agenda.
Public Finance in China is a must-read for specialists in
public finance and for those seeking an understanding of the complex
and daunting challenges China is facing.