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Introduction: China’s Public Finances – Decentralization, Poverty and Social Security

Author: BHAJAN GREWAL
Published in PFM, Vol. 9 No. 1

China’s public finances have played an important part in the country’s economic performance. As the focus of development strategy changes from exports to domestic consumption and to the establishment of a harmonious society, China’s public finances are now called upon to play a different, and even more important, role in economic and social development. The papers in this symposium address some of the issues arising from the new policy context. Complementing the papers published in the previous volume of this journal, the focus of papers in this volume of the symposium is on the continuing need for further reforms in relation to poverty alleviation and pensions. China’s pattern of fiscal decentralization is also compared with that of India.

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