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首页> 外文期刊>Journal of Chinese Economics and Business Studies >China's rule of law in New Era: the rise of regulation and formalism
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China's rule of law in New Era: the rise of regulation and formalism

机译：新时期的中国法治：规制和形式主义的兴起

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摘要

China's financial development and economic growth is achieved under weak legal institutions. The literature attributes this counterexample of law-finance-growth nexus to (a) alternative mechanisms in China such as incentives, reputation and relationships and (b) a well-functioning xinfang system with common law features. In recent years, China has made increasing efforts to strengthen its rule of law. The Communist Party of China (CPC) has taken the lead by launching a far-reaching campaign against corruption, establishing a system of inspection tours, and promulgating a large number of regulations. We argue that using regulations to complement laws is effective: CPC has enough bureaucratic prowess to crack down on corruption whereas the courts are subject to subversion by powerful interests. We also discuss the drawbacks of this approach: regulations aiming at ex ante control of corruption substantially increase procedural formalism and limit the discretion of local governments and state-owned enterprises.
机译：中国的金融发展和经济增长是在薄弱的法律制度下实现的。文献将这种法律-财务-增长联系的反例归因于（a）中国的其他机制，例如激励机制，声誉和关系，以及（b）具有普通法特征的运作良好的新房制度。近年来，中国为加强法治做出了越来越多的努力。中国共产党率先发起了一场影响深远的反腐败运动，建立了巡视制度，并颁布了许多法规。我们认为，使用法规来补充法律是有效的：中国共产党有足够的官僚力量来打击腐败，而法院却受到强大利益集团的颠覆。我们还讨论了这种方法的弊端：旨在事前控制腐败的法规大大增加了程序形式主义，并限制了地方政府和国有企业的自由裁量权。

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    Columbia Business School Columbia University New York USA Group of Accounting and Finance University of Edinburgh Business School University of Edinburgh Edinburgh UK;

    Group of Accounting and Finance University of Edinburgh Business School University of Edinburgh Edinburgh UK School of Finance Shanghai Lixin University of Accounting and Finance Shanghai China;

    School of Finance Shanghai Lixin University of Accounting and Finance Shanghai China School of Economics Fudan University Shanghai China;

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  • 正文语种 eng
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  • 关键词

    Anti-Corruption Campaign; China; procedural formalism; regulation;

    机译：反腐败运动;中国;程序形式主义规;

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