On the "Block Economy"
The State Council's 1980 decision to implement a fiscal system based on "dividing revenues and expenditures" among different levels in which each level "assumes financial responsibility for its own level" [lit., "setting up separate financial households (>i>fenzao chifan>/i>)] has become the foundation for all reform measures relating to planning, investment, materials, distribution, and enterprises. The system has concentrated local financial interest and ultimately transformed the economic management system from one primarily characterized by vertical (>i>tiao-tiao>/i>) divisions to one primarily characterized by territorial (>i>kuai-kuai>/i>) divisions, or from what might be called a "strip economy" to a "block economy."
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 26 (1993)
Issue (Month): 5 (October)
|Contact details of provider:|| Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=110901|
When requesting a correction, please mention this item's handle: RePEc:mes:chinec:v:26:y:1993:i:5:p:9-22. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Nguyen)The email address of this maintainer does not seem to be valid anymore. Please ask Chris Nguyen to update the entry or send us the correct address
If references are entirely missing, you can add them using this form.