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Modernizing China : investing in soft infrastructure

Author: W Raphael Lam; Markus Rodlauer; Alfred Schipke
Publisher: [Washington, D.C.] : [International Monetary Fund], [2017] ©2017
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Database:WorldCat
Summary:
China is at a critical juncture in its economic transformation as it tries to rebalance what is generally seen as an exhausted growth model. A unifying theme across the reforms that will deliver this transformation is that it can no longer be achieved by raising the amount of physical investment and government direction of resource allocation. Instead China is building a new set of policy frameworks that will allow  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: W Raphael Lam; Markus Rodlauer; Alfred Schipke
ISBN: 1475558546 9781475558548
OCLC Number: 969443888
Description: 1 online resource (xvi, 372 pages) : illustrations
Contents: Introduction and summary: 1. China's economic success and reforms: investing in soft infrastructure; Fiscal policy frameworks: 2. Modernizing the tax policy regime --
3. Strengthening tax administration --
4. A medium-term expenditure framework for more effective fiscal policy --
5. Social security reform for sustainability and equity --
6. Local government finances and fiscal risks; Monetary and financial policy frameworks: 7. Interest rate transmission in a new monetary policy framework. 8. Capital account opening and capital flow management --
9. Renminbi internationalization --
10. A rapidly changing financial system; State-owned enterprise frameworks:11. State-owned enterprise reform; Macroeconomic statistics for policymaking: 12. Upgrading macroeconomic statistics.
Responsibility: edited by W. Raphael Lam, Markus Rodlauer, Alfred Schipke.

Abstract:

This volume provides policymakers, academics, and the public with valuable information about policies and institutions in China today. It also looks at the road ahead and key principles that can help  Read more...

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