The United Nations Department of Economic and Social Affairs and the China Energy Fund Committee organised a high-level panel and luncheon on sustainable urbanisation in China on 8 July 2014. Members participated in a lively discussion about China’s new urbanisation.
China is experiencing an unprecedented pace of urbanisation. The implementation of new urbanisation policies will greatly increase market size and create economic growth, such as trade and investment for the entire world. In this process, China can contribute to global environmental protection and climate change. China’s experience can also enrich the global collective experience of urbanisation. Content of the panel discussion and the radio reports can be found at the following links: http://www.unmultimedia.org/radio/chinese/archives/208530/.
- 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