Since late 1980s China's urban land use began to change from administrative allocation to public land leasing. Compared to existing studies that focus more on the land market, this paper tries to provide another perspective on public land leasing that links urban institutions, land use, rent and...

Since late 1980s China's urban land use began to change from administrative allocation to public land leasing. Compared to existing studies that focus more on the land market, this paper tries to provide another perspective on public land leasing that links urban institutions, land use, rent and...

The Chinese leadership has determined to assign the market a decisive role in allocating resources. To have the market to play that role, getting the energy prices right is crucial because this sends clear signals to both producers and consumers of energy. While the overall trend of China’s...

The success of economic reforms in China is often attributed to favourable starting conditions. Yet structural characteristics and the effects of fiscal decentralisation differ significantly between the prosperous coast and the laggard interior. We argue that the process of income convergence...

Chinese society has transformed in recent decades, moving from a predominantly agricultural country to one of the largest economies in the world. However, the accelerated industrialization and urbanization process has created considerable gaps between the rural and urban areas and the...

This study describes China's tax system and the applied tax policies against the covid-19 crisis, which were the Value Added Tax (VAT) deferral and Corporate Income Tax (CIT) deductions. China has a tax system following international standards, having a unified and decentralized tax agency. The...

China has gradually recognized that the conventional path of encouraging economic growth at the expense of the environment cannot be sustained. It has to be changed. This article focuses on China's efforts towards energy conservation and environmental quality. The article discusses a variety of...

The Chinese leadership in November 2013 determined to embark upon a new wave of comprehensive reforms in China. This is clearly reflected by the key decision of the Third Plenum of the 18th Central Committee of Communist Party of China to assign the market a decisive role in allocating...

In this study, we analyze the cyclicality of fiscal policies in China during the period 1978-2013. We find that the cyclicality of local government spending in China significantly affects the cyclicality of total government spending. By employing both time-series and province-level panel data,...

In this study, we analyze the cyclicality of fiscal policies in China during the period 1978-2013. We find that the cyclicality of local government spending in China significantly affects the cyclicality of total government spending. By employing both time-series and province-level panel data,...