The fiscal policy and soft budget constraints of China

Academic Paper from the year 2019 in the subject Politics - International Politics - Region: Far East, grade: A, , language: English, abstract: This work provides a critical review and discussion of studies that have been conducted in the past regarding the fiscal policy and soft budget constraints of China. The author explains the concept of fiscal sustainability and reviews some of the fiscal policies adopted by China to realise fiscal sustainability. The author also evaluates the challenges towards attaining fiscal sustainability in China and discusses the the concept of soft budget constraint and how it has been cultivated into China's fiscal policies.