{
  "title": "People’s Republic of China: Selected Issues",
  "publication": "IMF Staff Country Reports, June 18, 1996",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/30/peoples-republic-of-china-selected-issues-699",
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  "summary": "This Selected Issues paper examines the decline in the revenue-to-GDP ratio for the People’s Republic of China. In common with most transition countries, China has experienced a sharp decline in fiscal revenues since the initiation of economic reforms, owing mainly to weakness in tax revenues.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Examines the decline in the revenue-to-GDP ratio for the People’s Republic of China.\n- Notes that, in common with most transition countries, China has experienced a sharp decline in fiscal revenues since the initiation of economic reforms.\n- Attributes the decline mainly to weakness in tax revenues.\n- Describes the secular decline in the revenue ratio and reviews the factors behind the decline.\n- Compares China’s experience with that of other transition countries where revenues have tended to decline."
    },
    {
      "heading": "Key findings",
      "content": "- China experienced a sharp decline in fiscal revenues since the initiation of economic reforms.\n- The decline in the revenue-to-GDP ratio is driven mainly by weakness in tax revenues.\n- The paper documents a secular (long-term) decline in the revenue ratio for China.\n- China’s revenue experience is compared with other transition countries, which also tended to see declining revenues."
    },
    {
      "heading": "Subjects and issues covered",
      "content": "- Consumption taxes\n- Economic sectors\n- Income and capital gains taxes\n- Income tax systems\n- Public enterprises\n- Revenue administration\n- Taxes"
    },
    {
      "heading": "Notes on document preparation",
      "content": "- Prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country.\n- In releasing the document for public use, confidential material may have been removed at the request of the member.\n\nPeople’s Republic of China: Selected Issues, June 18, 1996."
    }
  ],
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    "Published: June 18, 1996",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451807776.002",
    "Examines the decline in the revenue-to-GDP ratio for the People’s Republic of China.",
    "Notes that, in common with most transition countries, China has experienced a sharp decline in fiscal revenues since the initiation of economic reforms.",
    "Attributes the decline mainly to weakness in tax revenues.",
    "Describes the secular decline in the revenue ratio and reviews the factors behind the decline.",
    "Compares China’s experience with that of other transition countries where revenues have tended to decline.",
    "China experienced a sharp decline in fiscal revenues since the initiation of economic reforms.",
    "The decline in the revenue-to-GDP ratio is driven mainly by weakness in tax revenues.",
    "The paper documents a secular (long-term) decline in the revenue ratio for China.",
    "China’s revenue experience is compared with other transition countries, which also tended to see declining revenues.",
    "Prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country.",
    "In releasing the document for public use, confidential material may have been removed at the request of the member."
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