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Capitalizing China$
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Joseph P. H. Fan and Randall Morck

Print publication date: 2012

Print ISBN-13: 9780226237244

Published to Chicago Scholarship Online: September 2013

DOI: 10.7208/chicago/9780226237268.001.0001

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PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 08 April 2020

Financial Strategies for Nation Building

Financial Strategies for Nation Building

Chapter:
(p.313) 7 Financial Strategies for Nation Building
Source:
Capitalizing China
Author(s):

Zhiwu Chen

Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226237268.003.0008

This chapter examines China's financial strategies, drawing upon recent and historical experiences, as well as the experience of other countries. The discussions include the debt-financed growth strategy of modern-day China; financing in the Imperial age; the impact of war reparations from the Sino-Japanese naval war of 1895; levying taxes to solve fiscal crises; policies for alleviating a fiscal crisis; and prospects for China's debt-financed growth. A commentary is included at the end of the chapter.

Keywords:   public finance, financial policy, fiscal policy, debt financing, economic growth

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