The Chinese Economy in Crisis: State Capacity and Tax Reform

State Capacity and Tax Reform

Nonfiction, History, Asian, Asia, Business & Finance, Economics
Cover of the book The Chinese Economy in Crisis: State Capacity and Tax Reform by Xiaohu (Shawn) Wang, An'gang Hu, Taylor and Francis
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Author: Xiaohu (Shawn) Wang, An'gang Hu ISBN: 9781317457961
Publisher: Taylor and Francis Publication: April 29, 2015
Imprint: Routledge Language: English
Author: Xiaohu (Shawn) Wang, An'gang Hu
ISBN: 9781317457961
Publisher: Taylor and Francis
Publication: April 29, 2015
Imprint: Routledge
Language: English

The authors of this work argue strongly that the decentralization that has taken place in China over the past two decades threatens to undermine the future of reform and perhaps even the state itself. They contend that reform has undermined state capacity in China, and that the state's fiscal revenues, as a percentage of GNP, have declined and will continue to decline into the foreseeable future, thereby weakening China's ability to mobilize resources for modernization.

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The authors of this work argue strongly that the decentralization that has taken place in China over the past two decades threatens to undermine the future of reform and perhaps even the state itself. They contend that reform has undermined state capacity in China, and that the state's fiscal revenues, as a percentage of GNP, have declined and will continue to decline into the foreseeable future, thereby weakening China's ability to mobilize resources for modernization.

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