Shen, Chunli; Zhao, Xiaojun; Zou, Heng-fu - In: Annals of Economics and Finance 15 (2014) 2, pp. 1037-1063
inadequate growth and inefficient governance. With respect to China, fiscal decentralization has been a fundamental aspect of its … management system. China's fiscal system currently has five levels — central, provincial, prefecture, county, and township. Sub …-national governments have been assigned primary responsibility for public services provision and ï¬nancing. China's highly decentralized …