000			01592pab a2200193 454500
008			180718b2013 xxu||||| |||| 00| 0 eng d
100			_aNiu, Meili
245			_aRising with the tide without flipping the boat: Analyzing the successes and challenges of fiscal capacity building in China
260			_c2013
300			_ap.29-49.
362			_aFeb
520			_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.
650			_aChina - Fiscal policy
650			_aFiscal policy
700			_aHo, Alfred Tat-Kei
773			_aPublic Administration and Development
908			_aN
909			_a101029
999			_c101028 _d101028