About the book
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 fscal policy focused on national economic recovery(1949-1952),planned fiscal policy(1953-1977), fiscal policy adapted to economictransition (1978-2011), and fscal policy in the new era (2012-present). With “fscal balance”as the central theme, he summarizes the fundamental principles and key dynamics underpinning China’s fiscal policy and presents a clear framework for understanding the evolution and strategic rationale behind the country's approach to fscal governance.
The title will appeal to scholars of Chinese economy, comparative economics, public finance, and macroeconomics.
About the author
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 ChinaTop 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.
Contents
1 Seventy Years of Fiscal Policy in China: Phases, Lessons,and Future Outlooks
2 Fiscal Policy in the Early Years of the People'sRepublic of China: 1949-1957
3 Fiscal Policy during the Planned EconomyEra:1958-1977
4 Fiscal Policy in the Early Market-Oriented ReformPeriod: 1978-1991
5 Fiscal Policy after Setting arket EconomyReform Goals:1992-1997
6 Transition in Market-Oriented Fiscal Policy:1998-2011
7 Fiscal Policy in the New Era: 2012 to Present
8 Conclusion