Shop assistants wait for customers at a shop in Beijing. Beijing has pledged to achieve a moderately good standard of living for its citizens by 2020. Photo: Reuters

China's central and local governments must seek a fairer share of the fiscal burden

Winston Mok says fundamental changes to the way China's central and local governments divide resources and responsibilities are long overdue

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Shop assistants wait for customers at a shop in Beijing. Beijing has pledged to achieve a moderately good standard of living for its citizens by 2020. Photo: Reuters
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