Building A Reasonable Power

正China’s military spending is growing moderatelyChina’s defense spending, despite rapid increases, matches the legitimate nationa defense needs of a large country.Chinese President Xi Jinping made these remarks in response to a question on China’s rising defense budget after a speech sponsored by the Koerber Foundation in Berlin on March28 during his two-day state visit to Germany.In early March, the National People’s Congress, China’s top legislature, passed the     

Advancing Fiscal and Tax System Reforms

正China Economic Weekly Issue No.33,published on August 25,2014On June 30,a plan for reforming China’s fiscal and tax systems was reviewed and adopted by the Political Bureau of the CPC Central Committee.Its priorities include improving management and supervision of government budgets,deepening tax system reform,and adjusting fiscal relations between central and local governments to make