Rebalancing Act: China’s Fiscal Reform Challenge
Per Olsson
This policy brief examines China’s inter-connected economic challenges of structural and fiscal reform, arguing that promotion of domestic consumption away from fixed-asset investment could further exacerbate the fiscal mismatch between the central and local levels of government—with increasing local government indebtedness and potential for social unrest if not appropriately addressed.
Related Publications
-
Xi Jinping Thought: Xi’s Struggle Against Political Decline
Abstract One of the latest extensions of Xi Jinping’s influence on Chinese society is the incorporation of ‘Xi Thought’ into elementary and middle school curriculums. Like his predecessors, Xi is […]
-
Merkel’s China Legacy
Abstract Angela Merkel’s time as the Chancellor of Germany is soon coming to an end. An unofficial mainstay of the European Union, she leaves office having helped put in place […]
-
China’s Communist Party at 100: From Revolution to Rule
Introduction The founding of the People’s Republic of China (PRC) in 1949 was a turning point in the history of the Chinese Communist Party (CCP), which celebrates its hundredth anniversary […]
-
Women’s Rights in China and Feminism on Chinese Social Media
Abstract In recent years, women in China have to a greater extent than previously raised their voices about issues relating to women’s rights and gender equality. Social media has served […]
-
Xi Jinping’s Anti-corruption Struggle: Eight Years On
Abstract Combating corruption has been an enduring priority for Chinese leaders who consider it crucial to safeguarding party-state legitimacy. Yet, despite repeated crackdowns over the past few decades, corruption is […]
-
Stable and in Control? China’s Party Regime and its Challenges
Abstract Despite domestic and international difficulties, the survival and stability of the Chinese Communist regime does not seem to be severely threatened. China’s successful domestic handling of the pandemic and […]