This paper examines the fiscal and monetary policy options available to China as a sovereign currency-issuing nation … operating in a dollar standard world. We first summarize a number of issues facing China, including the possibility of slower … policy space open to China. …

government revenue in the People's Republic of China / Ziying Fan and Guanghua Wan -- 7. Key issues of central and local … government finance in the People's Republic of China / Qichun Zhang and Shufang Li -- 8. Government decentralization program in … major Asian economies of the People's Republic of China, India, Indonesia, and Japan, among others, the book focuses on the …

Local government debt in China is increasing and presents a great threat to China's financial stability. In China … to be shifted from the central government to the local governments. Resolving China's local government debt problem … afford any spending denominated in its own currency, China's central government should bear a greater fiscal burden. …