China's return to expansionary fiscal policy / Lin Shuanglin.

Format:

Book

Author/Creator:

Lin, Shuanglin.

Series:

EAST ASIAN INSTITUTE CONTEMPORARY CHINA SERIES

EAI occasional paper ; no. 19

Language:

English

Subjects (All):

Fiscal policy--China.

Fiscal policy.

China--Economic policy--1976-2000.

China.

Physical Description:

1 online resource (35 p.)

Place of Publication:

Singapore ; River Edge, N.J. : World Scientific ; Singapore : Singapore University Press, c1999.

Language Note:

English

Summary:

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

Contents:

CONTENTS; EXECUTIVE SUMMARY; CHINA'S RETURN TO EXPANSIONARY FISCAL POLICY; Zhu Rongji's ""New Deal""; Slow Growth of Budget Revenues and Big Change in Their Composition; Extra-budgetary and Off-budgetary Revenue; Structure of Government Expenditures; Central and Local Fiscal Relationship; Implications of Deficit Financing for China; ABOUT THE AUTHOR

Notes:

Description based upon print version of record.

Includes bibliographical references.

ISBN:

9789812815040

981281504X

OCLC:

818848232