Research on China's Degree of Fiscal Decentralization

Based on the reviews and comments on the theories of fiscal decentralization,the paper made up a measuring indicator according to financial expenditures,calculated and studied China's degree of fiscal decentralization at the provincial and the overall level.The study found that China's overall degree of fiscal decentralization has been close or even to the optimum level of fiscal decentralization,and that the degree of fiscal decentralization dropped in turn of the eastern,western and the central regions.It is also found that the disparity of the fiscal decentralization degree among different regions is distinct and more serious in the western China,and that China's degree of decentralization among different regions was slowly convergence.The research pointed out that the focus of China's future fiscal reform is the internal fiscal adjustments to optimize the arrangements of decentralization rather than continuously expanding the scope of the fiscal decentralization.