Chinese experiences on fiscal countermeasures against the epedeimc of Covid-19 perspective of public financial
di Haotian Xue
Faced with the epidemic of COVID-19, apart from tax countermeasures, in the area of public finance Chinese government acted quickly to pour money into the fields of the medical and economic emergency, providing the subsidies for the in-patients, medical workers and taking the shopping coupons as the main way to recover the economy. Reserve fund was always insufficient and increasing the fiscal debt is nearly the most prominent way that the government can do to cover the expenditure effectively. Transfer payment mechaism also played a key role for the local government to receive the fiscal assistance against the COVID-19. Overally, The Chinese government’s rapid and proactive fiscal measures exert a enormous function on controlling the epidemic timely and restoring people’s livelihood and marco-economy.
