Wong, Christine C.P.; Bird, Richard M. - Rotman Institute for International Business, Rotman … - 2005
We argue in this paper that unless China begins to tackle more systematically the serious problems that have emerged in … China?s real fiscal system, we show that the evidence available is generally consistent with this pessimistic reading. China … needed. Given the scale and scope of China?s underlying public finance problems, the ?reactive gradualism? evidenced in …