Resource information
This publication focuses on public
finance, development economics, and the Chinese economy. The
government will focus on the public good aspects of
education and training-compulsory education and some aspects
of higher education and training. The publication encourages
seven reforms including raising government expenditure on
education to four percent of gross domestic product (GDP),
and ensuring that all children actually receive nine years
of basic education. Improving and widening access to medical
care, especially for the rural population. The target is to
extend the cooperative medical scheme to 80 percent of the
rural population from the current coverage rate of just over
20 percent. China has sufficient fiscal resources to afford
the level and type of spending commensurate with a
harmonious society. This reallocation of resources can be
done only gradually. It must go hand in hand with a better
specification of roles and functions of the various levels
of China and stronger mechanisms for accountability, to
ensure that poorer local governments use the resources given
to them.
