The Chinese government has a good foundation for economic control; the government's net assets are substantial and also demonstrate structural stability and adequacy, according to research published on Dec. 20.

In 2013, the Chinese government’s total net assets, including government executive departments, legislative departments and justice departments was 55.3 trillion yuan (around 8.9 trillion US dollars).

In a broader measurement that included government-backed public institutions and associations, the government's net assets were 14.8 trillion US dollars in 2013. The total net assets of China's public departments, including the government's net assets and government-controlled companies, reached 17.2 trillion US dollars.

The government's net assets in the narrow sense of measurement accounted for 26 percent of the gross domestic product (GDP) in 2013, according to the research, conducted by the finance research institute under the People's Bank of China, the central bank.

A unified economic accounting regime, and a compilation of national and local balance sheets, have both been proposed at the Third Plenary Session of the Eighteenth Central Committee of the Communist Party of China.

The national Balance Sheet will draw a clear picture of the country's liabilities and assets, and provide a tool for mitigating risk. The analysis, launched in September 2013 is scheduled to be completed by 2018.

Although the process has met difficulties in terms of the classification of departments and the definition of liabilities, recent research has facilitated the process.