Chinese Economists on Economic Reform – Collected Works of Lou Jiwei

Lou Jiwei (1950-) has been a leading researcher on economic restructuring and macroeconomic policy in a range of Chinese policy-making organisations. He has made important contributions to policy in the fields of tax, accounting, finance and banking. In the 1990s a vice minister of finance, and from 2007 deputy secretary-general of the State Council, he is also at present head of China’s sovereign wealth fund. The book is published in association with China Development Research Foundation, one of the leading economic and social think tanks in China, where many of the theoretical foundations and policy details of economic reform were formulated.

• Foreword by Wang Mengkui Author’s Preface 1. Recommendations on further improving the tax system (September 1985) 2. Some views on our current restructuring of the system (March 3, 1986) 3. The shape of reform over time, and development prospects (April 1987) 4. Draw on Yugoslavia’s experience and avoid reinforcing a dividing up of power among localities (1985) 5. Exploring the full-scale adoption of a value-added tax in our country—value-added tax reform should be carried out in conjunction with price reform (December 5, 1987) 6. Aggregate demand, aggregate supply, and excess distribution of our national income (August 1987) 7. We should adhere to long-term policies that fight inflation (1988) 8. Corporate self-ownership: phenomena, causes and solutions (1989) 9. Reform issues that urgently need to be addressed in China’s economic development (1992) 10. Basic ideas on how to reform the foreign exchange management system (November 1992) 11. Policy options in three key areas – risks affecting foreign exchange reform (December 1993) 12. Reform the State-Owned assets management system, and reinstitute a publicly held property rights system (May 1993) 13. Establish a new system of public finance that is standardized and effective (1993) 14. The Central government regulates national economic aggregates; local governments manage local economic and social affairs (March 1994) 15. China’s policy responsibilities (December 1998) 16. Deepen fiscal and tax reform and strengthen fiscal management (February 26, 2000) 17. Reform China’s budgetary management system (August 2003) 18. Setting up a system of ‘Accounting Standards for Chinese Enterprises’ that is aligned with the trend of converging international standards (February 2006) 19. China’s Reform: overall transition in how we allocate resources (May 2006) 20. Thoughts on the relationships among efficiency, equity and justice (June 2006) 21. A ‘systemic leap’ in how we manage our foreign exchange (March 2008) 22. Thirty years of fiscal and tax reform in China: review and prospects (May 2008)