讲座人：Christine Wong，新加坡国立大学

讲座时间：2026年11月4日上午10:30-12:00

讲座地点：北京大学国家发展研究院承泽园校区344教室

讲座题目：Beyond Land and Debt:  Rebuilding the Fiscal Foundation to Revitalise Local Government Finance and Macro Management in China

内容简介：China’s local governments have long been the engines of its economic miracle, and their ailing finances have been a drag on growth in the past few years.

Under China’s decentralized system, local governments drive 85% of public spending and over 80% of infrastructure investment.  A decade-long fiscal erosion, the recent collapse in land revenues, and soaring debt have left them struggling to meet spending needs. These challenges stem from deep structural issues—a tax structure that lags behind economic changes, an overreliance on land sales to fund infrastructure and debt repayment, and a misalignment between spending responsibilities and fiscal capacity.  

Bold reforms will be needed to close the fiscal gap, revise how revenues are shared, and realign revenues with spending.  They are all the more urgent given China’s rapidly ageing population and the looming expenditure needs in health and pensions that will require significant adjustments in the composition of public spending.

主讲人简介：Christine Wong is Visiting Professor at the Schwarzman College at Tsinghua University.  She is also Honorary Professorial Fellow at the Asia Institute, University of Melbourne; and Non-Resident Senior Fellow at the East Asian Institute (EAI), National University Singapore.  She was Distinguished Visiting Fellow at the Australian Centre on China in the World, Australian National University during January – August this year.

Christine has taught at top universities around the world. From March 2020 to January 2026, she was Visiting Research Professor at the EAI, National University of Singapore.  Before that, Christine was Founding Director of the Centre for Contemporary Chinese Studies and Professor of Chinese Studies at the University of Melbourne.  From 2007 to 2013, she was Professor of Chinese Public Finance and Director of Chinese Studies at the University of Oxford.  During 2000-2007 she held the Henry M. Jackson Professorship at the Henry M. Jackson School of International Studies, University of Washington.  She has also taught economics at the University of California, Santa Cruz and Berkeley campuses; and at Mount Holyoke College in Massachusetts.

In addition, Professor Wong has held senior staff positions in the World Bank and the Asian Development Bank, and worked with other international agencies including the IMF, OECD, and UNDP.

Professor Wong’s research has largely focused on China’s public finances. She has published widely on the impact of fiscal decentralization on macroeconomic management and policy implementation in education, health, social welfare, environmental protection, and urbanization in China.

组织者：

（国家发展研究院 ）李力行、席天扬、王轩、徐化愚、刘诗尧、黄清扬

（经济学院）刘冲、吴群峰、曹光宇、年永威、施新政

（光华管理学院）张晓波、仇心诚