China has experienced more than 25 years of extraordinary economic growth. Underlying this growth has been a decentralized fiscal system, in which provinces and large cities are given the freedom to make infrastructure investmentsto stimulate local development, and are allowed to retain a large...

Local fiscal reform is a focal point of the national fiscal reform that aims to establish fiscal management by levels of government based on the tax division system. In achieving this goal, there are many problems that need to be solved. This article deals with the division of administrative...