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CHINESE VERSION OF FINANSIAL PROBLEMS
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CHINESE VERSION OF FINANSIAL PROBLEMS
Annotation
PII
S0321-50750000616-3-1
Publication type
Article
Status
Published
Authors
 
Edition
Issue №9
Pages
23-26
Abstract
The reform of the financial system is one of the urgent tasks of economic reform in China. The primary events are scheduled to take place by the end of 2016, with a comprehensive reform to be carried out no later than 2020. In 2014 the country’s leadership adopted series of important decisions aimed at improving transparency, efficiency and controllability of the budgetary mechanism and center-local fiscal relations.The article investigates in detail the legislative innovations of financial relationships in China, analyzes the causes of unfavorable debt position of local authorities, as well as ways to improve it.
Keywords
China, central end local budgets, the revised Budget Law, local government
Date of publication
01.09.2015
Number of purchasers
1
Views
1183
Readers community rating
0.0 (0 votes)
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Additional sources and materials

1. Wang Jun. Local Governments Out of Pocket?// Beijing Review,2014, № 32. 
 2. www. Online.Barrons.com, 21.10.2014. 
 3. «Doklad ob ispolnenii tsentral'nogo i mestnykh byudzhetov za 2014 god i proekte tsentral'nogo i mestnykh byudzhetov na 2015 god» - htpp://russian.peopl.com.cn/n/2015/0318/c951818864824.html 
 4. China: Fiscal and Tax Reform Since the Third Plenum. Foreign and Commonwealth Office (UK). London, 2014, p. 2. 
 5. China Economic Update. Special Topic: An Update of China’s Fiscal and Tax Reforms. World Bank Office, Beijing, October 2014, r. 25. 
 6. www.china.org.cn, 17.03.2014. 
 7. Zhonggo tongji nianjian-2014 (Kitajskij statisticheskij ezhegodnik 2014). Pekin, 2014, tabl. 7-1. 
 8. Money Matters. Local Government Finance in the People’s Republic of China. Manila: Asian Development Bank, 2014, p. 8. 
 9. People’s Republic of China: Staff Report for 2014 Article IV Consultation. Washington: World Bank, 2014, p. 27.
 10. Canuto O., Liu L., eds. Until Debt Do Us Part: Subnational Debt, Insolvency and Markets. Washington: World Bank, 2013 
 11. China Flash, 03.09.2014 - www.bbvaresearch.com, 14.09.2014. 
 12. Ahmad E., Wang Z. Financing and Gove

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