Chinese Public Finance Framework: A Contextual Analysis

27 Pages Posted: 26 Apr 2010

See all articles by Chunlei Yang

Chunlei Yang

University of Manchester - Division of Accounting and Finance

Robert W. Scapens

University of Manchester - Division of Accounting and Finance

Abstract

This paper explores the complexities of government financial management in China and examines the nature of the recent Public Finance Framework (PFF) reform in that country. We argue that this reform is not just the latest instalment in a centrally dominated reform agenda (and a logical and strategic development in the process of social, political and economic transformation), but that it reflects the Central Government's struggle to fine-tune central-local financial relationships and to grapple with the consequences of the previously misplaced delegation of government budgets. In so doing, the paper challenges the prescriptive research which often pervades policy studies in China. Instead, it analyses the historical and contemporary contexts which are shaping government administration in China, and sheds new light on the background, implementation and future prospects of Chinese public sector financial reform. Overall, our contextual analysis provides a starting point for more critical research into the changes in government financial administration at both policy and organisational levels in China.

Suggested Citation

Yang, Chunlei and Scapens, Robert W., Chinese Public Finance Framework: A Contextual Analysis. Financial Accountability & Management, Vol. 26, Issue 2, pp. 163-189, May 2010. Available at SSRN: https://ssrn.com/abstract=1595431 or http://dx.doi.org/10.1111/j.1468-0408.2010.00497.x

Chunlei Yang (Contact Author)

University of Manchester - Division of Accounting and Finance ( email )

Crawford House
Oxford Road
Manchester M13 9PL
United Kingdom

Robert W. Scapens

University of Manchester - Division of Accounting and Finance ( email )

Crawford House
Oxford Road
Manchester M13 9PL
United Kingdom
+44 161 275-4010 (Phone)
+44 161 275-4023 (Fax)

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