Background: Many Chinese literatures compared the size and structure of fiscal expenditure between China and the developed countries. However, due to the statistic differentiation, this kind of comparison may not be accurate. Methods: Referring to the standard of the International Monetary Fund...

In recent decades, the Chinese government has placed great importance on developing agriculture and rural areas, adopting policies, and increasing public expenditures targeting these. China's agricultural policies and support mechanisms have evolved, responding to emerging challenges and...

The goal of this paper is to offer a non-technical interpretation of the “Great Divergence” and “Great Convergence” stories. After reviewing existing explanations in the literature, I offer a different interpretation. Western countries exited the Malthusian trap by destroying traditional...