President Xi Jinping pronounced in April 2014 that China has entered a New Normal in economic growth, and the common … World Bank's projections in January 2016 that China's growth rate would drop to 6.7 percent in 2016 and then to 6.5 percent …. In this paper we (1) identify some of the major structural reforms that would entrench dynamism into China's economy, and …

The success of economic reforms in China is often attributed to favourable starting conditions. Yet structural … and insufficient reform efforts are shown to have worked against enterprise efficiency and economic growth in China …

The reform to replace the Business Tax (BT) with the VAT is the largest tax reform initiative in China since 1994. This …'s distortionary characteristics while also taking on the flaws of China's traditional VAT. This renders both the prospects and …