China is a country with extensive territory and a huge population where regional economic development is uneven. As such, it is impossible for a central government to manage the whole country economically. Economic management must be done at different levels, under unified leadership. "Unified...

The reform of the socialist economic system, viewed from the perspective of economic mechanisms, must be market-oriented reform. The past several decades in China have proven that trying to encompass all economic activities within a single plan designed to manage and control everything, will...

Microeconomic results of the enterprise and macroeconomic efficiency are sometimes consistent and other times contradictory. When contradictory, the interests of the enterprise or the locality should be subjected to the economic interest of the whole in order to achieve better macroeconomic...

To improve ceaselessly economic efficiency remains an issue crucial to the endeavor to fulfill the magnificent goal set by the party's Twelfth National Congress. All our future production and construction undertakings should focus on the enhancement of economic efficiency and try to march...

Most countries, developed and developing, are fiscally decentralized with regional and local governments of varying importance. In many of these countries, some of these sub-national governments differ substantially from others in terms of wealth, ethnic, religious, or linguistic composition....

China has made crucial progress in the field of public expenditure management in the past ten years. This article reviews the reforms in budget formulation, approval, implementation and audit. Some weaknesses remain: for example, important decisions are still made outside of the budget process;...

The Government of China has placed strong emphasis on addressing problems related to agriculture, farmers, and rural society, with the development of a"new socialist countryside"designated as a top priority for the Eleventh Five-Year Plan (2006-2010). The financing of public services in rural...

China introduced the largest stimulus package in the world in late 2008, in the wake of the global financial crisis. China was also the first major economy in the world to emerge from the crisis. After a brief though sharp downturn in 2008, the Chinese economy recovered and grew by 8.7% in 2009...