Tax & Spend
Five Charts That Show Why China Needs to Fix Its Finances
A cleaner in front of the financial district in Shanghai.
Photographer: Hugo Hu/Getty Images
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One of the big outcomes of the political meeting in Beijing last week was a decision to have the central government spend more to reduce the burden on cash-strapped local governments.
Read more: Xi Vows to Rewire China’s Finances, Help Indebted Localities