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Enterprise Reform and Fiscal Reform in China: Overlapping Webs of Interests
Author(s) -
Takahara Akio
Publication year - 1993
Publication title -
asian economic journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.345
H-Index - 28
eISSN - 1467-8381
pISSN - 1351-3958
DOI - 10.1111/j.1467-8381.1993.tb00105.x
Subject(s) - china , alliance , government (linguistics) , economics , state (computer science) , central government , economic system , fiscal policy , economic policy , public administration , political science , macroeconomics , local government , law , philosophy , linguistics , algorithm , computer science
This paper investigates the interrelationship between enterprise reform and fiscal reform in China, and illuminates the web of interests which constrains the deepening of system reforms. By analysing the policy processes of the formulation and implementation of ‘management contracting’ in 1987 and ‘fiscal contracting’ in the following year, a division is revealed between the financialists and the productionists among the reformers in the central government. While the financialists aim at full marketisation, the productionists, in alliance with the localities, regard that the majority of state enterprises still need protection and guidance of the administrative agencies.