The theory, practice, and impact of China's implementation of active fiscal policy

Author: Yu Tianxin Wang Shisheng
Publisher:
Publish Date: 2002-10-01
Features: Currently, the overall situation in China is positive. The entire Party and the people of the country are fully implementing the work goals put forward by the 15th National Congress of the Communist Party of China. Of course, it is also necessary to see that achieving this year's economic development goals still faces very difficult tasks. First, the impact of the Asian financial crisis on China is still deepening. Second, some contradictions and problems in China's economic life still require arduous efforts to resolve. In this regard, the Central Committee has made a decisive decision to implement a more proactive fiscal policy, issuing 100 billion worth of bonds to expand domestic demand and boost the economy. As Jiang Zemin pointed out, "To more effectively promote economic and social development, on the basis of major measures determined at the beginning of the year, the Central Committee has recently decided to implement a more proactive fiscal policy, intensify infrastructure construction, further expand domestic demand, and promote economic growth."