01634cas a2200253 a 4500 AALejournalIMF000466 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451934816 1018-5941 BD-DhAAL BD-DhAAL Arora, Vivek. Intergovernmental Fiscal Relations : The Chinese System in Perspective / Vivek Arora, John Norregaard. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (27 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper provides an overview of recent Chinese reforms to introduce a modern system of fiscal federalism that balances the need for central macroeconomic control with the economic advantages of decentralized government. Following a discussion of the rationale for decentralization, the paper describes the main structural and economic developments in China in this area, including their impact on economic stabilization. The key measures in the 1994 fiscal reforms as well as reform initiatives needed in the future are also discussed. Mode of access: Internet Norregaard, John. IMF Working Papers; Working Paper ; No. 1997/129 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/129/001.1997.issue-129-en.xml IMF e-Library