Professor ZHENG Fanghui won another influential publication in Social Sciences in China
time: 2017-05-25

Recently, the latest issue of Social Sciences in China (2017.04) published an academic paper titled “The Performance Appraisal of Public Finance: Concept, System and Practice”, with ZHENG Fanghui, LIAO Yier and LU Yangfan as co-authors. It was the very first time that this periodical published such an important research achievement in the field of performance appraisal of public finance. Based on the concept and method of government performance appraisal, this paper systematically illustrated finance performance appraisal in relation to the concept and its value, historical evolution, organization and technology system, and thoroughly examined the gain and loss of the fiscal expenditure performance appraisal in our country for the past ten years, proposing many key concepts such as performance management, performance monitor, performance use, performance income and so on. Moreover, it put forward a new model of government performance appraisal which was featured with National People's Congress domination, government coordination, the third party implementation and an index system with various appraisal dimensions including investment (income), process supervision, targets fulfilment, and social satisfaction evaluation.  

Prof. ZHENG Fanghui is a well-known expert in the field of government performance management and the third party appraisal in China. Since 2009, as pioneers of performance of special financial fund and third party appraisal research, Prof. Zheng and his team has maintained close collaborations with related government agencies such as the Standing Committee of Guangdong Provincial People’s Congress and Department of Public Finance of Guangdong Province; the research achievements thus won high praise from the central government leaders.

Social Sciences in China is well-known as the top level periodical in humanities and social sciences research in China. This paper is another extraordinary work since Prof. Zheng’s previously work titled asthe Government Performance Appraisal in the Process of the Construction of the Chinese Rule-by-law Governmentpublished in Social Sciences in China in January 2016.