Rebalancing Act: China’s Fiscal Reform Challenge

Issue & Policy Briefs April 17, 2014, No. 151

This policy brief examines China’s inter-connected economic challenges of structural and fiscal reform, arguing that promotion of domestic consumption away from fixed-asset investment could further exacerbate the fiscal mismatch between the central and local levels of government—with increasing local government indebtedness and potential for social unrest if not appropriately addressed.

Related Publications