Central Issues in Reform of Urbanization Financing

Shusong Ba ()

Chapter Chapter 35 in The New Cycle and New Finance in China, 2022, pp 279-284 from Springer

Abstract: Abstract Urbanization financing in China is characterized with such problems as overdependence on land transfer receipts, inadequate supervision on local government debt and inadequate restriction on local government expenditure. A package of reform should be implemented in urbanization financing, to eliminate inequality of public service accessing between permanent urban residents and transient population. The reform should also be aimed at building infrastructure and providing public service for a new urban population of 300 million in 20 years to come. It involves establishing a system that makes local government’s power match its spending responsibilities, rationalizing revenue division between central and local government, increasing local tax revenue, adjusting land finance policy, promoting the investment of the private sector and developing stable and sustainable debt financing.

Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:sprchp:978-981-16-8209-4_35

Ordering information: This item can be ordered from
http://www.springer.com/9789811682094

DOI: 10.1007/978-981-16-8209-4_35

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().