ContentsPreface xiiList of Chinese terms (ranked by alphabet of English translation) xiii1 China's public finance: an introduction 1PART I INSTITUTION BUILDING AND EVOLUTION2 Evolving government budget and roles of state 143 Accrual accounting reform and public finance 494 Banking for public finance: truggling for a balance 665 Fiscal policy in China from the perspective of the government balancesheet 80PART II EFFICACY OF REVENUES AND SPENDING6 The Chinese tax system: where it stands and how we should study it 1047 What public spending pays for in China: mission, value and performance 1318 The evolving contours of central-provincial iscal interactions 157PART III FISCAL SUSTAINABILITY RISKS9 Public debt dynamics 18610 State-owned enterprises and public finance: transformation of therelationship 20411 Land and public finance: traps and opportunities 23912 Pension and public finance: progress and challenges 26413 Health and public finance 28714 Education finance: evolution, challenges and prospects 311PART IV EVER-UNFOLDING CHALLENGES AND RESPONSES15 Court finance centralisation and its challenges 33116 Public financing for science, technology and innovation 34917 Reducing energy consumption through public finance: development ofelectric vehicle industry in China 37418 Chinese housing not for profit? - impact for public finance 39219 Performance budgeting initiatives 41020 Inequalities, transparency, and participation in public finance governance 437.