1st Edition

Fiscal Policy in China (1949–2019)

By Yang Zhiyong Copyright 2025
248 Pages
by Routledge

248 Pages
by Routledge

This book offers a comprehensive analysis of the evolution of China’s fiscal policy since 1949. It provides an in-depth understanding of the contextual factors that shape its implementation and examines the transition logic between planned fiscal policy and market-oriented fiscal approaches. The author introduces fiscal policy focused on national economic recovery (1949–1952), planned fiscal... Read more

1 Seventy Years of Fiscal Policy in China: Phases, Lessons, and Future Outlooks

2 Fiscal Policy in the Early Years of the People’s Republic of China: 1949–1957

3 Fiscal Policy during the Planned Economy Era: 1958–1977

4 Fiscal Policy in the Early Market‑Oriented Reform Period: 1978–1991

5 Fiscal Policy after Setting Market Economy Reform Goals: 1992–1997

6 Transition in Market‑Oriented Fiscal Policy: 1998–2011

7 Fiscal Policy in the New Era: 2012 to Present

8 Conclusion

Biography

Yang Zhiyong is President of the Chinese Academy of Fiscal Sciences. A Ph.D. in Economics, he is a prominent scholar recognized as the Chief Expert of the China Top Think Tank. Prof. Yang is a distinguished researcher, selected for the National Talent Development Program, and honored as an “Outstanding Mid-aged Expert.” He is also a recipient of the State Council Special Allowance. Prof. Yang’s research centers on fiscal and taxation theory, fiscal policy, and China’s economic reforms.