China's Public Finance from 1978 to 2018: Ideas and Changes
- YANG Zhiyong
- National Academy of Economic Strategy, CASS, 100028.
Since the start of its economic reform and openingup in 1978, China has seen substantive changes in the ideas of public finance, concerning the state wealth management, scope of public finance, public expenditure, taxation, government budget, intergovernmental fiscal relations, and fiscal theories’ rivalrousness. Reforms have taken place in almost all fiscal and tax areas, and things like fiscal revenue, public expenditure, state budget (government budget) and financial system, though still existent in form, have changed substantially. The fiscal and tax reform and the change in the ideas of public finance have been complementary to one another. Proceeding from these changes, this article analyzes the intrinsic logic behind these changes and their relations with China‘s fiscal and tax reform, with a view of shedding light on the logic for China’s fiscal and tax reform.
JEL：E61, E62, P21
- Reform and Opening-up, Ideas about Public Finance, Fiscal and Tax Reform, Modern Fiscal System, Public Finance