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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, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 07 July 2022

Financial Strategies for Nation Building

Financial Strategies for Nation Building

(p.313) 7 Financial Strategies for Nation Building
Capitalizing China

Zhiwu Chen

University of Chicago Press

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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