Skip to main content Accessibility help
×
Hostname: page-component-5d59c44645-lfgmx Total loading time: 0 Render date: 2024-02-22T22:36:04.367Z Has data issue: false hasContentIssue false

1 - An Overview of China’s Public Finance

Published online by Cambridge University Press:  22 September 2022

Shuanglin Lin
Affiliation:
Peking University, Beijing
Get access

Summary

This overview first discusses some traditional thoughts on public finance, particularly the thought of implicit taxation, which have had a profound influence on the behavior of the Chinese government historically and currently. It then describes public finance under the centrally planned economic system, followed by an examination of market-oriented public finance reforms before exploring the challenges to China’s public finance. Finally it explains the contributions of this book. By the end of 1956, China completed the “socialist economic reforms,” turning all large- and medium-sized private enterprises into SOEs and small private enterprises into collectively-owned-enterprises. In 1958, the government took back the land previously allocated to farmers and established the people’s communes.Another economic reform started in 1978, allowing private enterprises to develop and allowing farmers to grow whatever they like on the land allocated to them. A modern tax system and a social insurance system were established and local governments have been given some fiscal freedom. However, there are still problems with public finance.

Type
Chapter
Information
China's Public Finance
Reforms, Challenges, and Options
, pp. 1 - 20
Publisher: Cambridge University Press
Print publication year: 2022

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×