Asia Institute - Research Publications

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End date: 2022 × Type: Scholarly Contribution × Author: Wong, Christine ×

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    Rumbling of reform in China’s fiscal foundations
    Wong, C ( 2017-04-17)
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    Why China’s 2022 Fiscal Stimulus Will Fall Short
    Wong, C (East Asian Institute, NUS, 2022-07-04)
    Data released by China’s Ministry of Finance on 16 June 2022 offer a glimpse of the economic damage caused by the spread of the omicron variant and the containment policies adopted since late March. They also point to trouble ahead in the government’s plans for reviving the economy.
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    Fiscal Futures: Will China Offer an Alternative Development Model?
    Wong, C (International Budget Partnership, 2019-03-13)
    Forty years since launching its program of “reform and opening,” China is still going strong as a one-party state. Under the Communist Party’s tutelage, China’s development has diverged from historical patterns whereby growing economic prosperity has led invariably to the rise of democratic institutions, as richer and better educated citizens demand more say in society and government. Rather than becoming more democratic, China has instead become more authoritarian and intolerant. The question we address in this post is whether China’s current path is a temporary detour, or if it represents the emergence of a new development “model” that the Chinese government is touting. We argue that the results-based, pragmatic approach to politics associated with “Chinese-style democracy” may look attractive to countries seeking to kickstart development, but the authoritarian aspect of the model, along with its economic foundations, may be unsustainable even in China where hard tax and spending choices will soon have to be made.