Central-local relations at heart of fiscal reform

Analysts expect rollout of general strategy during next Party meeting in November

Reforming the central-local public finance relationship will be the centerpiece of the nation's pending fiscal reform, which is set to be discussed at a key Party meeting in November, analysts said.

China is expected to roll out a broad strategy of economic reform in the Third Plenary Session of the 18th Central Committee of the Communist Party of China. Fiscal and taxation reform lies at the heart of the strategy, and many hopes are being pinned on it.