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Fiscal Policy and Institutional Renovation in Support of Innovative Country Building

Fiscal Policy and Institutional Renovation in Support of Innovative Country Building

Hardcover

Series: China Perspectives

EconomicsInvesting & Finance

ISBN10: 1138578347
ISBN13: 9781138578340
Publisher: Routledge
Published: Dec 7 2020
Pages: 520
Weight: 1.05
Height: 0.60 Width: 6.90 Depth: 9.70
Language: English

Since the onset of the twelfth Five-Year Plan, China has been at the forefront as an innovative nation based on a carefully designed strategy. Despite this, it can be argued that the Chinese government requires a series of more effective and systematic fiscal and taxation policies.

This book analyses the status quo and possible optimization of China's fiscal and taxation policies. By drawing comparisons with other countries, as well as a practical investigation into the lessons China has drawn from elsewhere, the author shows how a nation should make steadily growing and optimized financial investments in science and technology in order to foster the optimum environment for innovation. It is shown that institutional innovation should be a systematic project which involves top-level design and top-down leadership.

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