本书是《2013中国财政发展报告》的英文版,共分四部分,包括“宏观经济表现”、“2012年中国财政收入”、“中国2012年财政支出”、“中国公共财政的计量经济学分析”。
1 Macroeconomic Perfor*nce
1.1 Perfor*nce of produdion adivities in 2012
1.1.1 As its overall economy re*ined stable and its GDP
slowed down in growth, China achieved a soft landing in its *croeconomy
1.1.2 While the secondary and tertiary industries slowed down in growth,
added value of the pri*ry industry grew up steadily
1.1.3 Stru*ural Proportions of Three Industries Re*ined the Basic P*-tern of
'Secondary, Tertiary and Pri*ry' in 2012
1.1.4 China' s PMI kept falling in the fi*t half of 2012, but went upsteadily since August
1.1.5 Though China' s business cli*te index and entrepreneur confi-dence index continued to drop,
they re*ined above 100, which showed th* the *croeconomic cli*te tended to stabilize and was on the rise
1.1.6 Under the global background of quantit*ive easing, China' s prices declined steadily
1.1.7 As industrial produ*ion slowed down in growth, the heavy indus- try dropped * a pace gre*er
than the light industry which caused their growth r*es to be*e appro**te
1.1.8 Based on cu*l*ive growth r*es of industrial added value by re- gions, western central and eastern China
slowed down in growth, and were in an ascending order when sorted by their growth r*es
1.1.9 Urban registered unemployment r*e re*ined * 4.1% for eight consecutive quarte* since September 2010
1.2 Dislribution in 2012
1.2.1 Though in*e of urban and rural residents grew faster than GDP
there continued to be a big discrepancy between them
1.2.2 In*e stru*ure of rural residents had no significant change
1.2.3 China' s monthly fiscal revenue saw a dra*tic decline
1.2.4 Proportion of quarterly n*ional fiscal revenue in GDP went up steadily
1.2.5 Revenue and profits *de by industrial enterprises above the des-ign*ed
size went down from the previous year, especially th* the profits dropped drastically
1.3 Consumption in 2012
1.3.1 Total retail sales of consumer goods *intained high-speed growth, but slowed down in recent yea*
1.3.2 Total retail sales of consumer goods gradually reduced in the fi*t half of 2012 and picked up
step by step in the second half, with its growth in rural areas faster than th* in cities
1.3.3 Rapid growth of online consumption
1.3.4 Government expenditures grew up steadily
1.3.5 Government spending stru*ure shifted from a public finance
'fo-cusing on economic growth' to one 'focusing on people' s liveli-hood'
1.4 Economic Accu*l*ions in 2012
1.4.1 Total investment on fixed assets gradually increased * a slower r*e in 2012
1.4.2 Overall investment in fixed assets of the three industries wi*essed rapid growth
1.4.3 Investment in fixed assets saw dra*tic slides in the fi*t three quarte* of 2012
1.4.4 The overall size of the stock *rket increased, but its growth stru*ure was unbalanced
1.4.5 The central bank adopted a variety of means to increase money supply and steadily
pushed forward the process of RMB interest r*e *rketiz*ion
1.4.6 Total social financing steadily increased, with the financing struc-ture further optimized
1.5 China' s Intern*ional Trade in 2012
1.5.1 Monthly cu*l*ive growth r*es of imports and exports saw a sharp decline,
but total trade surplus *intained a momentum of growth
1.5.2 Proportions of imports and exports by st*e-owned enterprises re-duced,
th* by foreign-funded enterprises re*ined stable, and th* by other enterprises went up significantly
1.5.3 Analyzed by countries ( and regions) ,
trade between China and e-merging *rkets saw rapid growth in 2012
1.5.4 Trade prote*ionism causes certain pressures on the healthy
devel-opment of the global trade and financial environment
1.6 Forecasts of n*ional economic trends in 2013
1.6.1 Faced with opportunities and risks * the same time,
the Chinese economy shall *intain rapid growth in 2013
1.6.2 In*e distribution reform shall be further deepened
1.6.3 Of the troika th* promote economic growth,
consumption shaft play a role of increased importance
1.6.4 Under internal and external pressures, it shall
be hard to be opti-mistic about the stock *rket in 2013
1.6.5 China' s import and export shall grow * a low speed
2 China' s Fiscal Revenue in 2012
2.1 A Brief Review of Final Accounts of Fiscal Revenue in 2011
2.2 China' s Aggreg*e Fiscal Revenue in 2012
2.2.1 Introdu*ion to the reform of China' s fiscal revenue st*istic sys-tem by Items
2.2.2 Budget for fiscal revenue in 2012
2.2.3 Implement*ion of Fiscal Revenue in 2012
2.2.4 General Trend of Fiscal Revenue in 2012 and it' s Ma*or Fa*o*
2.3 Stru*ure of China' s Fiscal Revenue in 2012
2.3.1 Monthly Stru*ure of Fiscal Revenue
2.3.2 Analysis of fiscal revenue by provinces
2.3.3 Analysis of fiscal revenue by c*egories and items
2.4 Treasury Bonds Issued in 2012
2.4.1 Overview of Treasury Bonds in 2012
2.4.2 Stru*ure of outstanding treasury bonds in 2011
2.4.3 Types of treasury bonds issued in 2012
2.4.4 Terms of treasury bonds issued in 2012
2.4.5 Interest r*e of treasury bonds issued in 2012
2.4.6 Local government bonds issued in 2012
2.5 Comments on Fiscal Revenue in 2012 and Outlook for 2013
3 China' s fiscal Expenditure in 2012
4 Econometric Analysis of China' s Public Finance