Chinese Finance Policy for a New Era

This book takes an in-depth look at China’s national economic development strategy promulgated by the CPC at its Nineteenth National Congress, held in October 2019, from a historical and scientific perspective.  Each of the fifteen chapters discusses one aspect of the new strategy by tracing its core ideas to their theoretical and historical roots. The wide range of topics covered include foundational, strategic, tactical and practical issues such as China’s commitment to socialism, innovation, entrepreneurship and consumer spending, tax and fiscal reform, job-creation, rural development, and digital trade. This book will be of interest to China scholars studying the evolution of the country’s approach to economic development and the larger historical context of the latest strategic plans that will shape China’s economic outlook in the next few decades.

1. Upholding and Improving China’s Basic Economic and Distribution System. 

 2. Understanding the Principal Sources of Tension in Chinese Society in the New Era.

3.    3. From a Moderately Prosperous Society in All Respects to a Great Modern Socialist Country.

4.    4. The Innovation-Driven Development and Nation-building Strategy.

5.    5. Expediting the Creation of a Modern Public Finance System: Goals and Strategies.

6.    6. Deepening Reform of the Tax System and Improving Local Tax Systems.

7.    7. Building a Transparent, Standardized, Scientifically-sound and Binding Budget System.

8.    8. Priorities of Financial Reform in the New Era.

9.    9. Deepening Pricing System Reform and Managing Price Expectations.

10.10.Consumption: Mainstay of the Economy and Key Driver of Growth.

12.  12. Facilitating Rural Rejuvenation by Addressing Key Sources of Tension.

13.  13. Openness as the Cornerstone of the New Economic System.

14.  14. Digital Trade: Strategic Significance and Policy Recommendations.

15.  15. Tourism in China: Fresh Aspirations in a New Era.

He Dexu is the president and researcher of the National Academy of Economic Strategies, Chinese Academy of Social Sciences, the professor and doctoral supervisor at the Graduate School of Chinese Academy of Social Sciences. He also serves as the executive director of the China Finance Society and the vice president of the China Rural Finance Society.

Du Zhixiong is researcher and former vice president of the National Academy of Economic Strategies, Chinese Academy of Social Sciences. His research areas include rural non-agricultural industry, rural SME finance.

Xia Jiechang is the vice president and researcher of the National Academy of Economics Strategies, Chinese Academy of Social Sciences. He is also the director of the Department of Comprehensive Economic Research, and professor and doctoral supervisor at the Graduate School of Chinese Academy of Social Sciences.