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Chapter 1. China’s Economic Success and Reforms: Investing in Soft Infrastructure

Chapter 1. China’s Economic Success and Reforms: Investing in Soft Infrastructure »

Source: Modernizing China : Investing in Soft Infrastructure

Series: Books

Author(s): W. Raphael Lam , Markus Rodlauer , and Alfred Schipke

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 January 2017

ISBN: 9781513539942

Keywords: China, China, People's Republic of, Economic reforms, China, reforms, economic reforms, economic success, growth model, policy frameworks, markets

China matters as never before. It is now the second largest economy in the world—and the largest in purchasing power parity. Even at half its historical economic growth rate, it con...

Chapter 7. Interest Rate Transmission in a New Monetary Policy Framework

Chapter 7. Interest Rate Transmission in a New Monetary Policy Framework »

Source: Modernizing China : Investing in Soft Infrastructure

Series: Books

Author(s): W. Raphael Lam , Markus Rodlauer , and Alfred Schipke

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 January 2017

ISBN: 9781513539942

Keywords: China, China, People's Republic of, Economic reforms, China, reforms, economic reforms, economic success, growth model, policy frameworks, markets

China’s 13th Five-Year Plan highlighted the need for transition to a market-based monetary policy framework. The transition will involve changing the intermediate target of monetary policy from measures of m...

Chapter 6. Local Government Finances and Fiscal Risks

Chapter 6. Local Government Finances and Fiscal Risks »

Source: Modernizing China : Investing in Soft Infrastructure

Series: Books

Author(s): W. Raphael Lam , Markus Rodlauer , and Alfred Schipke

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 January 2017

ISBN: 9781513539942

Keywords: China, China, People's Republic of, Economic reforms, China, reforms, economic reforms, economic success, growth model, policy frameworks, markets

Local governments play a critical role in executing fiscal policies in China. Aside from providing basic public services, they undertook sizable public investment that has contributed to remarkable growth. M...

Chapter 2. Modernizing the Tax Policy Regime

Chapter 2. Modernizing the Tax Policy Regime »

Source: Modernizing China : Investing in Soft Infrastructure

Series: Books

Author(s): W. Raphael Lam , Markus Rodlauer , and Alfred Schipke

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 January 2017

ISBN: 9781513539942

Keywords: China, China, People's Republic of, Economic reforms, China, reforms, economic reforms, economic success, growth model, policy frameworks, markets

Fiscal reform is integral to China’s broad reform plans and key for achieving more inclusive and sustainable growth. The 13th Five-Year Plan commits to deepening tax reforms to facilitate economic transition...

Chapter 9. Renminbi Internationalization

Chapter 9. Renminbi Internationalization »

Source: Modernizing China : Investing in Soft Infrastructure

Series: Books

Author(s): W. Raphael Lam , Markus Rodlauer , and Alfred Schipke

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 January 2017

ISBN: 9781513539942

Keywords: China, China, People's Republic of, Economic reforms, China, reforms, economic reforms, economic success, growth model, policy frameworks, markets

The current role of emerging market currencies in the international monetary system is limited. However, the increasing importance of emerging markets in the global economy suggests that these currencies cou...

Chapter 5. Social Security Reform for Sustainability and Equity

Chapter 5. Social Security Reform for Sustainability and Equity »

Source: Modernizing China : Investing in Soft Infrastructure

Series: Books

Author(s): W. Raphael Lam , Markus Rodlauer , and Alfred Schipke

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 January 2017

ISBN: 9781513539942

Keywords: China, China, People's Republic of, Economic reforms, China, reforms, economic reforms, economic success, growth model, policy frameworks, markets

China’s population is aging rapidly. The old-age dependency ratio (the population ages 65 and older as a share of the population 15–64) is projected to increase from 13 percent in 2015 to 47 percent in 2050....

Chapter 11. State-Owned Enterprise Reform

Chapter 11. State-Owned Enterprise Reform »

Source: Modernizing China : Investing in Soft Infrastructure

Series: Books

Author(s): W. Raphael Lam , Markus Rodlauer , and Alfred Schipke

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 January 2017

ISBN: 9781513539942

Keywords: China, China, People's Republic of, Economic reforms, China, reforms, economic reforms, economic success, growth model, policy frameworks, markets

Tackling the rising vulnerabilities and low efficiency of state-owned enterprises (SOEs) is crucial to China’s transitioning toward a more sustainable growth path. The need now for bold SOE reforms is simila...

Chapter 3. Strengthening Tax Administration

Chapter 3. Strengthening Tax Administration »

Source: Modernizing China : Investing in Soft Infrastructure

Series: Books

Author(s): W. Raphael Lam , Markus Rodlauer , and Alfred Schipke

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 January 2017

ISBN: 9781513539942

Keywords: China, China, People's Republic of, Economic reforms, China, reforms, economic reforms, economic success, growth model, policy frameworks, markets

China’s tax administration has improved substantially over the past two decades in the face of major changes in the economy and the tax system (see Chapter 2). This has contributed importantly to a doubling...

CHAPTER 1 The Challenge of Health Care Reform in Advanced and Emerging Economies

CHAPTER 1 The Challenge of Health Care Reform in Advanced and Emerging Economies »

Source: Excerpt: The Economics of Public Health Care Reform in Advanced and Emerging Economies

Series: Miscellaneous Publication (Other)

Author(s): David Coady , Benedict Clements , and Sanjeev Gupta

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 May 2012

ISBN: SCHPEAEX

Keywords: Fiscal consolidation, Fiscal sustainability, Health indicators, Health care spending, Health care, Public health, Communicable diseases, emerging markets, advanced economies, fiscal policy

According to the World Health Organization (WHO), the three fundamental objectives of a Health care system are improving the Health of...

Chapter 12. Upgrading Macroeconomic Statistics

Chapter 12. Upgrading Macroeconomic Statistics »

Source: Modernizing China : Investing in Soft Infrastructure

Series: Books

Author(s): W. Raphael Lam , Markus Rodlauer , and Alfred Schipke

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 January 2017

ISBN: 9781513539942

Keywords: China, China, People's Republic of, Economic reforms, China, reforms, economic reforms, economic success, growth model, policy frameworks, markets

China has achieved tremendous progress in modernizing its economy and is increasingly integrated into the global economy. As the market plays a more decisive role in economic and financial developments, the...