China's recovery has broadened as economic activity has continued to normalize. Economic growth in China is projected to reach 8.5 percent this year before slowing to 5.4 percent in 2022, as low base effects dissipate and the economy returns to trend growth. As China's recovery firms up,...

China is a global leader in the use of ecological compensation ("eco-compensation")-fiscal transfers for environmental and natural resources management. China is one of the most fiscally decentralized countries in the world, with 85 percent of government spending occurring at subnational levels....