About the Session
Under the High-Quality Growth agenda, the People’s Republic of China (PRC) seeks to rebalance its economy by addressing the negative side effects of a long period of unprecedented economic growth, and local governments will have a key role to play in the implementation of that agenda. At this webinar, some critical aspects of the fiscal and institutional environment in which local governments operate, will be analyzed and proposals are offered for the strengthening of local government finances. Special attention will be given to the policy implications of the 14th FYP and the post-COVID-19 recovery efforts.
This paper analyzes the tax system in the People's Republic of China, focusing on fiscal and institutional operations of local governments. Centralized reforms are recommended to help better manage fiscal liabilities at the local level.
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