01520pab a2200157 454500008004000000100001500040245012800055260000900183300001300192362000800205520104000213650002601253650001801279700002301297773004201320180718b2013   xxu||||| |||| 00| 0 eng d  aNiu, Meili  aRising with the tide without flipping the boat: Analyzing the successes and challenges of fiscal capacity building in China  c2013  ap.29-49.  aFeb  aWhile many developing countries experience a short period of economic boom and then spiral quickly into periods of deficit, currency fluctuation, and indebtedness, China has been able to sustain rapid economic growth and maintain solid fiscal capacity for the past 30?years, even during the Asian financial crisis in the late 1990s and the global recession in the beginning of the 21st century. This article examines three key strategies behind China's fiscal success - its flexibility in adapting tax policies to the changing economic and social conditions, its success in realigning the intergovernmental fiscal relationship in 1994 and forcing subnational governments to become more entrepreneurial in revenue generation, and its pursuit of institutional reforms since the mid-1990s to improve the government's capacity in budgeting and financial management. The article evaluates the implications of the Chinese experience for other developing countries and discusses the future challenges of fiscal reforms in China. - Reproduced.  aChina - Fiscal policy  aFiscal policy  aHo, Alfred Tat-Kei  aPublic Administration and Development