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Analysis of the Positive Effects and Limitations of China’s Public Finance Policy

Zhen Zhang, Xiaowei Zhang

Abstract


Public finance policy plays a vital role in achieving national economic development, social equity, and national security. Since the
Reform and Opening-up, China has been able to create an economic miracle that has amazed the world, and one important reason for this is
its public finance policy. Therefore, this paper aims to conduct in-depth research on the implementation of public finance policy since the Reform and Opening-up, analyzing its specific impact on various aspects of China’s economy and society, and thus comprehensively evaluating
the effectiveness of public finance policy. At the same time, the paper will also focus on the problems and challenges faced by the implementation of public finance policy, such as inadequate policy design, insufficient implementation force, and inflexible adjustment mechanisms.
Through in-depth analysis of these issues, the paper will propose some specific suggestions with the hope of providing assistance for the further adjustment and improvement of China’s public finance policy.

Keywords


Public finance policy; Economic Growth; Income Distribution; Employment; Stability; Limitations

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References


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DOI: http://dx.doi.org/10.18686/fm.v9i3.12759

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