Should China revisit the 1994 fiscal reforms?

  • Speaker: Dr Ehtisham Ahmad
  • Chair: Professor Athar Hussain

Recorded on 9 June 2011 in Thai Theatre, New Academic Building.

Does China need to conduct another “fundamental rethink” of the fiscal system as in 1993/4? The 1994 reforms have served the country well, but are inadequate in relation to the needs of local governments, and the stage of development that China now finds itself at. In particular, spending assignments that were not addressed in 1994 need to be tackled, along with own-source revenues to lead to greater sub-national responsibility and accountability, as well as levels of investment needed to maintain sustainable employment opportunities. A comprehensive reform is suggested, including revisiting tax and spending assignments, furthering domestic resource mobilization, as well as a redesign of transfers, budget systems, and development of local and municipal financing mechanisms.

Listen the conference on LSE website

Cite this blog post
Jacqueline Nivard (2012, October 30). Should China revisit the 1994 fiscal reforms? URBACHINA. Retrieved April 12, 2024, from

Jacqueline Nivard

Jacqueline Nivard, Centre d'études sur la Chine moderne et contemporaine

More Posts - Website

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.