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Prospects for the Implementation of China’s Fiscal Policy
Gateway International Group Ltd, Dec 2011, Pages: 7
China faces many obstacles in effectively implementing its fiscal policy. These obstacles include the high growth in tax revenue, the high macro-tax burden, problems with state-owned capital, the financial expenditure structure, land finance issues, and local financing platforms. Faced with more constraints and pressures, the Chinese government will focus on changing many areas of fiscal policy in order to meet the needs of both the market economy and society.
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