People’s Republic of China: Selected Issues

International Monetary Fund

No 1996/041, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper examines the decline in the revenue-to-GDP ratio for the People’s Republic of China. In common with most transition countries, China has experienced a sharp decline in fiscal revenues since the initiation of economic reforms, owing mainly to weakness in tax revenues. This paper describes the secular decline in the revenue ratio in China and reviews the factors behind the decline. It also compares China’s experience with that of other transition countries where revenues have tended to decline.

Keywords: ISCR; CR; tax; M2; velocity equation; income tax; monetization; velocity; velocity trend; enterprise reform; corporatized enterprise sector; loss-making enterprise; Income and capital gains taxes; Income tax systems; Consumption taxes; Public enterprises; Eastern Europe; Central and Eastern Europe; Western Europe; Baltics (search for similar items in EconPapers)
Pages: 57
Date: 1996-06-18
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=699 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:1996/041

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().