A Historical Overview of the Development of China’s Fiscal Theory and Debt Governance

Hongtao Ma; Feier Ha

doi:10.2991/978-94-6463-642-0_64

<Previous Article In Volume

Next Article In Volume>

A Historical Overview of the Development of China’s Fiscal Theory and Debt Governance

Authors

Hongtao Ma¹^{, 3}^{, *}, Feier Ha²^{, 3}

¹School of Economics, Beijing International Studies University, Beijing, 100024, China

²School of Information Technology & management, University of International Business and Economics, Beijing, 100105, China

³National School of Development Peking University, Beijing, 100091, China

^*Corresponding author. Email: mahongtao@stu.pku.edu.cn

Corresponding Author

Hongtao Ma

Available Online 24 January 2025.

DOI: 10.2991/978-94-6463-642-0_64 How to use a DOI?
Keywords: China’s fiscal; China’s local government debt; implicit debt; China’s debt resolution
Abstract: In the global economic landscape of the 21st century, China has become a striking focus with its rapid economic growth and unique development model. With the vigorous development of the economy, the way of China’s economic development and the series of problems caused by it have become important research topics for academics and policymakers. This article focuses on the development of China’s domestic fiscal theory and debt governance, and we sorted out how China’s domestic fiscal theory affects China’s debt governance, especially implicit debt caused by at all levels local governments in China. Through extensive reading of relevant domestic literature in China, this article conducts an in-depth historical review of the evolution of China’s fiscal theory, the development of implicit debt and its governance strategies, refine the original contributions of Chinese scholars and summarize the theoretical system constructed by Chinese research, and provide new perspectives and profound insights for overseas scholars to understand China’s fiscal and debt outside of China.
Copyright: © 2025 The Author(s)
Open Access: Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

<Previous Article In Volume

Next Article In Volume>

Volume Title: Proceedings of 2024 6th International Conference on Economic Management and Cultural Industry (ICEMCI 2024)
Series: Advances in Economics, Business and Management Research
Publication Date: 24 January 2025
ISBN: 978-94-6463-642-0
ISSN: 2352-5428
DOI: 10.2991/978-94-6463-642-0_64 How to use a DOI?
Open Access: Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

ris enw bib

TY  - CONF
AU  - Hongtao Ma
AU  - Feier Ha
PY  - 2025
DA  - 2025/01/24
TI  - A Historical Overview of the Development of China’s Fiscal Theory and Debt Governance
BT  - Proceedings of 2024 6th International Conference on Economic Management and Cultural Industry (ICEMCI 2024)
PB  - Atlantis Press
SP  - 597
EP  - 611
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-642-0_64
DO  - 10.2991/978-94-6463-642-0_64
ID  - Ma2025
ER  -

copy to clipboard