Fiscal Policy and Institutional Renovation in Support of Innovative Country Building

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.

This volume will be a useful reference for students, scholars, and policy makes who are interested in financial policy.

Jia Kang is a Member of the 11th and 12th National Committee of the Chinese People's Political Consultative Conference, a member of the Chinese People's Political Consultative Conference Economic Committee, chief economist of the China New Supply Economics Research Institute, researcher and doctoral supervisor of the China Academy of Fiscal Sciences, consultant to the China Finance Society, a member of the Expert Committee of the PPP Expert Bank of the National Development and Reform Commission, an advisory member of the People's Government of Beijing, and distinguished professor at many universities including Peking University.