This monograph offers a detailed analysis of the creation, pilot implementation, and possible wide adoption of the real property tax at the local level in China. Starting in 2003, as China’s economy gradually recovered from the Asian financial crisis that started in 1998, the real property...

Table of Contents -- Preface -- List of Abbreviations -- 1. Introduction and Overview -- Part I: From Economic Stabilization to Budget Stabilization: Theory and Tools -- 2. From Economic Stabilization to Budget Stabilization -- 3. Subnational Government Tools for Budget Stabilization -- Part II:...