01592pab a2200193 454500 180718b2013 xxu||||| |||| 00| 0 eng d Niu, Meili Rising with the tide without flipping the boat: Analyzing the successes and challenges of fiscal capacity building in China 2013 p.29-49. Feb While 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. China - Fiscal policy Fiscal policy Ho, Alfred Tat-Kei Public Administration and Development N 101029 101028 101028 0 0 0 0 IIPA IIPA 2018-07-19 Volume no: 33, Issue no: 1 AR101489 2018-07-19 2018-07-19 AR