This paper sheds light on the heavy financial burden on peasants in China's fiscal decentralization system. Using a political economy framework, this paper explores the tax-farming nature of China's fiscally decentralized system and examines why the system incurs a particularly heavy financial...

This book brings together analysis and insights from high-level Chinese policy-makers and prominent international scholars in addressing the key challenges China is facing in maintaining rapid growth and achieving the Government's stated goal of creating a harmonious society. It analyzes such...

The rapid pace of economic growth in China has been unprecedented since the start of economic reforms in late 1970s. It has delivered higher incomes and made the largest single contribution to global poverty reduction. Measured by international poverty lines, from 1978-2004, the absolute poor...