This book summarizes the key challenges and constraints facing China in maintaining rapid growth while simultaneously trying to achieve the Government's stated goal of creating a harmonious society. Bringing together analysis and insights from high-level Chinese policy makers and prominent international scholars, the volume analyzes such key policy issues as public finance and the changing role of the state, fiscal reform and revenue and expenditure assignments, inter-governmental relations and fiscal transfers, and financing and delivery of basic public goods.

This book summarizes the key challenges and constraints facing China in maintaining rapid growth while simultaneously trying to achieve the Government's stated goal of creating a harmonious society. Bringing together analysis and insights from high-level Chinese policy makers and prominent international scholars, the volume analyzes such key policy issues as public finance and the changing role of the state, fiscal reform and revenue and expenditure assignments, inter-governmental relations and fiscal transfers, and financing and delivery of basic public goods.