In this paper, we present the most comprehensive estimates of China’s government balance sheet to date. Based on these estimates, we show how major shifts in

With the goal of perfecting the national governance system and raising the country’s governance capability, this book systematically analyzes the characterist

This volume examines China's government budgetary condition, analyses the new expansionary fiscal policy, and discusses policy options. China's government budge

China weathered the global financial crisis better than most, thanks to a large and timely stimulus. This stimulus, however, was mainly in the form of off-budge