Social Sciences in China (Chinese Edition)

No. 11, 2022

The Chinese Path of Modernization from a Fiscal Perspective

(Abstract)

Lü Wei and Jin Jidong

The proposition and development of the Chinese path to modernization is both an objective summary of the history and practice of socialist modernization in China under the leadership of the Communist Party of China, as well as an accurate portrayal of the unique Chinese path against the background of the general process of world modernization. We take the perspective of public finance in understanding the unique connotations of Chinese-style modernization, with the analysis of the logical relationship between public finance, national governance and the Chinese modernization as the basis, and “finance and reform” and “finance and development” as two key threads. The findings from the in-depth analysis of the unique role of public finance in the development of the Chinese modernization under the top-level design can clarify the unique value of Chinese-style modernization, which may provide some experience and inspiration for an alternative path to modernization for the world as well.