The Chinese government is one of the most important actors in international affairs today. China’s global economic and diplomatic presence is challenging the earlier dominance by the Western powers. To thoroughly understand how the People’s Republic of China (PRC) has grown in power requires a careful analysis of its political system. What contribution has the political system and government activity made in respect to China’s economic transformation? What consequences will the economic modernisation and world-economic integration have on the political system? Is the political system able to adapt to changing economic, technological, and international conditions? Which potentials and risks will shape the mid-term development of the political system?
The book offers a differentiated understanding of the conditions, potentials and risks of the political development in China. It is based on a comprehensive of analysis of Chinese resources and gives readers the most current overview of international China research.
"China's political system" published by Rowman & Littlefield Publishers is available on Amazon.
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Updates on China's Political System
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2.8 Public finance
In October 2014, the State Council defined new guidelines for dealing with local government debt. The new rules prohibit local governments from taking out further loans via financing platforms. In addition, local governments were also instructed to comply with the debt limits specified by the central government and to disclose all debts in their budgets.