BIZCHINA / Policy & Macro Economy |
Beijing's budget balancing act(China Daily)Updated: 2007-03-08 09:43
One important consequence of the new wave of social programs is a stronger role for the central government in providing, or at least funding, social services. That is a reversal of the previous tendency for local governments to shoulder most of the burden. And through crackdowns on the confiscation of land and on environmental pollution - problems that have spawned serious social unrest - the central government is also gradually curbing the power of local authorities. (For more biz stories, please visit Industry Updates)
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