Proceedings of the 4th International Conference on Culture, Education and Economic Development of Modern Society (ICCESE 2020)

The Countermeasures for the Slowdown of China’s Financial Revenue Growth

Authors
Ying Huang, Ting He, Lintao Zhang
Corresponding Author
Ying Huang
Available Online 19 March 2020.
DOI
10.2991/assehr.k.200316.294How to use a DOI?
Keywords
local revenue, taxation system, resource distribution
Abstract

The era of the rapid financial revenue growth exceeding GDP growth in the past 20 years had come to an end. The financial revenue growth slowdown means not only the enlarging gap of the central government budget revenue and expenditure, but also the serious local financial difficulties. The slowdown is due to the impact of the transformation of the economic growth pattern and the driving force of economic growth, as well as the problems of the existing financial system. It is critical to optimize China’s fiscal system reform. First, the government is supposed to reposition its role in the social economy and redefine the boundary between the government and the market. In different fields of resource allocation, the government needs to choose different roles to play, to advance or withdraw. Second, it is supposed to standardize the local revenue management while expanding the channels of financial revenue, deepening the reform of the provincial and sub-provincial financial system, so that local governments can have sustainable, stable and reliable sources of revenue, and cut down government administration cost.

Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 4th International Conference on Culture, Education and Economic Development of Modern Society (ICCESE 2020)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
19 March 2020
ISBN
978-94-6252-931-1
ISSN
2352-5398
DOI
10.2991/assehr.k.200316.294How to use a DOI?
Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Ying Huang
AU  - Ting He
AU  - Lintao Zhang
PY  - 2020
DA  - 2020/03/19
TI  - The Countermeasures for the Slowdown of China’s Financial Revenue Growth
BT  - Proceedings of the 4th International Conference on Culture, Education and Economic Development of Modern Society (ICCESE 2020)
PB  - Atlantis Press
SP  - 1366
EP  - 1369
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.200316.294
DO  - 10.2991/assehr.k.200316.294
ID  - Huang2020
ER  -