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China Fiscal Aid Little Comfort for Cash-Strapped Provinces

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Local officials from across China are in Beijing this week for the annual full-session of the country’s parliament with a common plea for President Xi Jinping’s government: we need more money.

One of them was Zhu Shixi, the local party chief for the city of Nanyang in the central Henan province, which is having to invest tens of billions of yuan on a project to divert water to Northern China. Decades in the making, the development is one of the biggest of its kind in the world, and was showcased by Xi himself in a recent visit to Nanyang last year.