07692oam 22014894 450 991096389450332120250426110737.09781475558494147555849X(CKB)3710000001018419(Au-PeEL)EBL4787872(CaPaEBR)ebr11331573(CaONFJC)MIL988435(OCoLC)969443888(IMF)MCISIEE(MiAaPQ)EBC4787872(IMF)MCISIEA(Perlego)1667659MCISIEA(EXLCZ)99371000000101841920020129d2017 uf 0engurcnu||||||||rdacontentrdamediardacarrierModernizing China : Investing in Soft Infrastructure /Waikei Lam, Markus Rodlauer, Alfred Schipke1st ed.Washington, D.C. :International Monetary Fund,2017.1 online resource (389 pages) color illustrations9781513539942 1513539949 9781475558548 1475558546 Includes bibliographical references and index.Cover -- Contents -- Foreword -- Acknowledgments -- Contributors -- Abbreviations and Acronyms -- INTRODUCTION AND SUMMARY -- 1 China's Economic Success and Reforms: Investing in Soft Infrastructure -- FISCAL POLICY FRAMEWORKS -- 2 Modernizing the Tax Policy Regime -- 3 Strengthening Tax Administration -- 4 A Medium-Term Expenditure Framework for More Effective Fiscal Policy -- 5 Social Security Reform for Sustainability and Equity -- 6 Local Government Finances and Fiscal Risks -- MONETARY AND FINANCIAL POLICY FRAMEWORKS -- 7 Interest Rate Transmission in a New Monetary Policy Framework -- 8 Capital Account Opening and Capital Flow Management -- 9 Renminbi Internationalization -- 10 A Rapidly Changing Financial System -- STATE-OWNED ENTERPRISE FRAMEWORKS -- 11 State-Owned Enterprise Reform -- MACROECONOMIC STATISTICS FOR POLICYMAKING -- 12 Upgrading Macroeconomic Statistics -- Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- J -- K -- L -- M -- N -- O -- P -- Q -- R -- S -- T -- U -- V -- W -- X -- Y -- Z.China is at a critical juncture in its economic transformation as it tries to rebalance what is generally seen as an exhausted growth model. A unifying theme across the reforms that will deliver this transformation is that it can no longer be achieved by raising the amount of physical investment and government direction of resource allocation. Instead China is building a new set of policy frameworks that will allow markets to function more effectively—not unfettered markets, but markets that work efficiently, in line with broad social and other policy goals, and in a sustainable way. Hence, China is now building a new soft infrastructure, that is, the institutional plumbing that underpins and guides the functioning of markets as the key organizing principle toward achieving sustained economic and social progress. Against this background, this volume provides policymakers, academics, and the public with valuable information about policies and institutions in China today. It also looks at the road ahead and key principles that can help China in navigating it. The book focuses on issues crucial in the country’s transformation, such as tax policy and administration, social security, state-owned enterprise reform, medium-term expenditure frameworks, the role of local government finances, capital account liberalization, and renminbi internationalization. As China moves toward a more price-based allocation of resources, strengthening monetary policy frameworks and financial sector regulation will be particularly important in channeling resources to the most productive sectors and minimizing the risks of financial sector stress. Also, upgrading statistical frameworks will be critical for macroeconomic policymaking and investors.<br /><br /> Visit : <a href="http://www.elibrary.imf.org/page/modernizing-china" target="_blank">http://www.elibrary.imf.org/page/modernizing-china</a>.BooksInfrastructure (Economics)ChinaCorporate governanceFiscal policyChinaMonetary policyChinaBanks and BankingimfBudgetingimfExports and ImportsimfPublic FinanceimfTaxationimfMacroeconomicsimfTaxation, Subsidies, and Revenue: GeneralimfInterest Rates: Determination, Term Structure, and EffectsimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfForecasts of Budgets, Deficits, and DebtimfData Collection and Data Estimation MethodologyimfComputer Programs: OtherimfFiscal PolicyimfPublic finance & taxationimfBudgeting & financial managementimfFinanceimfInternational economicsimfTax administration core functionsimfMedium-term budget frameworksimfBankingimfPension spendingimfBudget planning and preparationimfRevenue administrationimfPublic financial management (PFM)imfExpenditureimfPersonal incomeimfNational accountsimfBudgetimfTax administration and procedureimfPensionsimfInterest ratesimfIncome taximfChinaEconomic conditionsChina, People's Republic ofimfInfrastructure (Economics)Corporate governance.Fiscal policyMonetary policyBanks and BankingBudgetingExports and ImportsPublic FinanceTaxationMacroeconomicsTaxation, Subsidies, and Revenue: GeneralInterest Rates: Determination, Term Structure, and EffectsBanksDepository InstitutionsMicro Finance InstitutionsMortgagesForecasts of Budgets, Deficits, and DebtData Collection and Data Estimation MethodologyComputer Programs: OtherFiscal PolicyPublic finance & taxationBudgeting & financial managementFinanceInternational economicsTax administration core functionsMedium-term budget frameworksBankingPension spendingBudget planning and preparationRevenue administrationPublic financial management (PFM)ExpenditurePersonal incomeNational accountsBudgetTax administration and procedurePensionsInterest ratesIncome taxLam Waikei1449953Rodlauer Markus1807558Schipke Alfred1629965International Monetary Fund.DcWaIMFBOOK9910963894503321Modernizing China4357350UNINA