Fiscal policy has always been a primary measure of macroeconomic control. The fiscal revenue and expenditure can influence the operation of the whole economic and social activities by changing the existing GDP distribution pattern, affecting the consumption and investment of enterprises and people, etc.
Within the framework of macroeconomic analysis, this book reviews the evolution of China’s fiscal policy, and the main changes China’s economy has experienced since 1990s. To begin with, it makes an empirical research of China’s national debts, including their relationship with macroeconomic regulation and total social demand. Besides, it examines the economic effect mechanism of national debts issuance. Then it focuses on the taxation issues, elucidating the sources of tax revenue growth and the judgments on tax burden. The issue of tax reduction is also covered, especially its complexity in China. Lastly, it provides insights into China’s fiscal tendency, changes of macroeconomic policies, and financial operation in the context of the "New Normal".
Scholars and students in economics, finance and Chinese economic studies will be attracted by this book. Also, it will appeal to readers interested in modern Chinese economic history.
Table of Contents
List of figures. List of tables. Foreword to the Chinese Edition. Acknowledgments Chapter 1 National Debts Management and Macroeconomic Regulation Chapter 2 Empirical Analysis of China’s National Debts since the Reform of Economic System in 1978 Chapter 3 Empirical Analysis of the Influence of China’s National Debts on Total Social Demand Chapter 4 On the Relationship between Tax and Price in Market Economy Chapter 5 Study of the Economic Effect Mechanism of National Debts Issuance Chapter 6 Several Opinions about the Scale of China’s National Debts Chapter7 Macro Views on Taxation — Analysis of Several Current Major Taxation Issues Chapter 8 Four Basic Judgments on Tax Cuts Chapter 9 Finance & Taxation Situations, Policies and Reforms —A Review of Several Major Finance and Taxation Issues in the Face of the "11th Five-Year Plan" Period Chapter 10 On China’s Current Fiscal Tendency Chapter 11 Analysis of Current Major Taxation Issues Chapter 12 Several Major Changes of China’s Macroeconomic Policy Pattern Chapter13 Tax Reduction: Complexity in China Chapter14 Chinese Finance under the "New Normal": Several Tendency Changes Index
Gao Peiyong is the director of Institute of Economics, Chinese Academy of Social Sciences. His main research interests include theoretic research, policy analysis and institution design in the field of public finance and taxation.