This book investigates the trajectory and underlying principles of China's fiscal policy from its establishment in 1949 to 2019. The author, Yang Zhiyong, analyzes the distinct phases of fiscal policy, including national economic recovery, planned fiscal policy, economic transition, and the new era, using 'fiscal balance' as a central theme. The work examines the contextual factors and transitional logic that have shaped China's shift from planned to market-oriented fiscal approaches, providing a framework for understanding the evolution and strategic rationale behind its fiscal governance.

The book is positioned as a comprehensive analysis appealing to scholars of the Chinese economy, comparative economics, public finance, and macroeconomics. Its detailed chronological breakdown and focus on the transition logic from planned to market-oriented fiscal approaches suggest it will be a valuable resource for academic study. The author's thematic approach, centered on 'fiscal balance,' aims to provide a clear framework for understanding the country's fiscal governance evolution. This work is likely to be regarded as a significant contribution to the literature on China's economic development and public finance.