The Guangdong model and taxation in China : formation, development, and characteristics of China's modern financial system

This book explores the formation, development, and characteristics of modern China's finance, focusing especially on Guangdong province as a case study to illustrate both the macro-level trends and the micro-level reality. The chronological range of this book is mainly from the late Qing period to the early Republican Era ending in 1937, when the full-scale Second Sino-Japanese War broke out. After the concept of modern finance was introduced to China for the first time in the late Qing period, the efforts to build modern finance continued in the Republican Era both nationally and locally. But this process was interrupted by the outbreak of the war against Japan in 1937 and, having been derailed, did not subsequently recover due to the subsequent civil war between the Kuomintang and the Chinese Communist Party. This interrupted process of financial modernization was resumed with Reform and Opening-up, launched in 1978. Therefore, in order to illustrate the structural transformation and persistent characteristics of China’s fiscal system, this book also includes discussions of the early Qing period and current Chinese finance. This book explores the formation, development, and characteristics of modern China's finance, focusing especially on Guangdong province as a case study to illustrate both the macro-level trends and the micro-level reality. The chronological range of this book is mainly from the late Qing period to the early Republican Era ending in 1937, when the full-scale Second Sino-Japanese War broke out.00After the concept of modern finance was introduced to China for the first time in the late Qing period, the efforts to build modern finance continued in the Republican Era both nationally and locally. But this process was interrupted by the outbreak of the war against Japan in 1937 and, having been derailed, did not subsequently recover due to the subsequent civil war between the Kuomintang and the Chinese Communist Party. This interrupted process of financial modernization was resumed with Reform and Opening-up, launched in 1978. Therefore, in order to illustrate the structural transformation and persistent characteristics of China's fiscal system, this book also includes discussions of the early Qing period and current Chinese finance Table of Contents Abbreviations Acknowledgments Introduction Part 1 New Tax Revenues in Guangdong during the Republican Era 1 Fiscal Reform in the Late Qing 2 Tobacco and Wine Taxes in Guangdong and Changes in the Financial Structure during Republican China 3 Abolition of the Likin and the Paradox of Tax Reform: The Special Tax 4 Special Taxes on Imported Rice Part 2 State-led Industrialization and the State Monopoly 5 Industrial Building: Provincial Entrepreneurs 6 The Sugar Monopoly: From Local to National Part 3 Reform of Tax Collection 7 The Building of Public Administration and Taxation 8 Regularization of the Tax-farming System Part 4 The Transition of the Modern Chinese Tax Structure in a Global Context 9 Transition of the Modern Chinese Financial Structure 10 Afterword : Between Chinese Exceptionalism and Modern Fiscal State-building Bibliography Glossary Index Focusing especially on Guangdong province as a case study to illustrate both the macro-level trends and the micro-level reality, this book explores the formation, development and characteristics of modern China's finance. The chronological range of this book is mainly from the late Qing period to the early Republican Era ending in 1937, when the full-scale Second Sino-Japanese War broke out. After the concept of modern finance was introduced to China for the first time in the late Qing period, the efforts to build modern finance continued in the Republican Era both nationally and locally