The Chinese Economy in Crisis: State Capacity and Tax Reform: State Capacity and Tax Reform

1st Edition

Xiaohu (Shawn) Wang, An'gang Hu

Routledge
Published May 31, 2001
Reference - 324 Pages
ISBN 9780765607669 - CAT# Y183832

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Summary

The authors of this work argue strongly that the decentralization that has taken place in China over the past two decades threatens to undermine the future of reform and perhaps even the state itself. They contend that reform has undermined state capacity in China, and that the state's fiscal revenues, as a percentage of GNP, have declined and will continue to decline into the foreseeable future, thereby weakening China's ability to mobilize resources for modernization.

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