Handbook of Public Finance in China

Edited by Linda Chelan Li, Professor of Political Science, Department of Public and International Affairs, City University of Hong Kong

• ContentsPreface xiiList of Chinese terms (ranked by alphabet of English translation) xiii1 China’s public finance: an introduction 1PART I INSTITUTION BUILDING AND EVOLUTION2 Evolving government budget and roles of state 143 Accrual accounting reform and public finance 494 Banking for public finance: truggling for a balance 665 Fiscal policy in China from the perspective of the government balancesheet 80PART II EFFICACY OF REVENUES AND SPENDING6 The Chinese tax system: where it stands and how we should study it 1047 What public spending pays for in China: mission, value and performance 1318 The evolving contours of central-provincial iscal interactions 157PART III FISCAL SUSTAINABILITY RISKS9 Public debt dynamics 18610 State-owned enterprises and public finance: transformation of therelationship 20411 Land and public finance: traps and opportunities 23912 Pension and public finance: progress and challenges 26413 Health and public finance 28714 Education finance: evolution, challenges and prospects 311PART IV EVER-UNFOLDING CHALLENGES AND RESPONSES15 Court finance centralisation and its challenges 33116 Public financing for science, technology and innovation 34917 Reducing energy consumption through public finance: development ofelectric vehicle industry in China 37418 Chinese housing not for profit? – impact for public finance 39219 Performance budgeting initiatives 41020 Inequalities, transparency, and participation in public finance governance 437

‘This Handbook provides a wide-ranging, multi-disciplinary examination of China’s public finance that covers institutional evolution, revenue and expenditure systems, fiscal risks, and governance practices. The contributions from many leading scholars offer valuable insights into China’s complex and messy fiscal foundation undergirding state-society and intergovernmental relations.’