<small id="gggg8"></small>
  • <nav id="gggg8"></nav>
  • <tr id="gggg8"></tr>
  • <sup id="gggg8"></sup>
  • 人妻少妇精品专区性色,一本岛国av中文字幕无码,中文字幕精品亚洲人成在线 ,国产在线视频一区二区二区

    ENGLISH EDITION OF THE WEEKLY CHINESE NEWSPAPER, IN-DEPTH AND INDEPENDENT
    site: HOME > > Economic > News > Special
    Disputes, Untruths and Transfer Payments
    Summary:The Economic Observer this autumn ran a series of five articles that examined how China's tax and fiscal system operates, focusing on how central and local authorities share government revenue.


    The Economic Observer ran a series of five articles this autumn that examined how China's tax and fiscal system operates, focusing on how central and local authorities share government revenue.

    Our first piece, Cash-starved Local Governments Seek Funds, described the problems facing some provincial officials as they struggle to pay bills while revenue from the real estate sector shrinks. Click here to read the full article

    In All Unclear for Pilot Local Government Bond Scheme, we look at how a potential new source of revenue isn't yet a panacea for cash-strapped local governments. Click here to read the full article

    Planners' Helpful Underestimates examines how local governments can escape the spending edicts of Beijing by submitting revenue and spending forecasts that turn out to be far less than the year-end amounts. Click here to read the full article

    Beijing Specifies Use of Local Governments' Proceeds from Land Sales, describes how the central government is taking a bigger interest in the way that provinces allocate revenue from the sale of long-term land leases, which has been their main source of funding, and hitherto gave them a degree of independence despite Beijing's growing share of the nation's tax receipts. Click here to read the full article

    The concluding story, Transfer Payments – is the East Paying the West's Bills? asks whether the prosperous coastal regions get a raw deal from Beijing's reallocation of fiscal revenues to poorer western provinces. Click here to read the full article

     

    China’s Fiscal System in Figures (for 2010)

    21% Government Revenue as a proportion of GDP 

    8.3 trillion yuan Total Government Revenue 

    4.24 trillion yuan Central Government Revenue 

    18% Central Government Revenue Year-on Year Growth

    4.06 trillion yuan Local Government Revenue  

    25% Local Government Revenue Year-on Year Growth 

    2.9 trillion yuan Total raised from the sale of long-term land lease       (land transfer fees)

    1.7-1.2 trillion yuan Local government revenue from land transfer fees after costs, such as compensation for relocated tenants and farmers.  

    Sources: Finance Ministry, EO Sources (described in the stories above)  


    The series was written by Xi Si (席斯), translated by Zhu Na and the English summaries were edited by Will Bland and Paul Pennay.

     

    Related Stories

    0 comments

    Comments(The views posted belong to the commentator, not representative of the EO)

    username: Quick log-in

    EO Digital Products

    Multimedia & Interactive

    人妻少妇精品专区性色
    <small id="gggg8"></small>
  • <nav id="gggg8"></nav>
  • <tr id="gggg8"></tr>
  • <sup id="gggg8"></sup>