{"id":145471,"date":"2026-02-03T08:30:38","date_gmt":"2026-02-03T08:30:38","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=145471"},"modified":"2026-02-03T08:30:38","modified_gmt":"2026-02-03T08:30:38","slug":"chinas-real-constraint-is-where-to-direct-limited-fiscal-resources","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=145471","title":{"rendered":"China\u2019s real constraint is where to direct limited fiscal resources"},"content":{"rendered":"<p>Source: China &#8211; South China Morning PostI pay far less attention to China\u2019s growth numbers today. What matters more is where fiscal capacity is flowing.<br \/>\nChina has entered a phase where population ageing, security needs and industrial upgrading all draw on the same budget. This shift follows a structural adjustment in property. Income from land sales \u2013 once a pillar of local government finance \u2013 has fallen sharply and is unlikely to return. Balance sheets will have to be reset.<br \/>\nThe question is no longer how much stimulus Beijing can&#8230;<a href=\"https:\/\/www.scmp.com\/opinion\/china-opinion\/article\/3342057\/chinas-real-constraint-where-direct-limited-fiscal-resources?utm_source=rss_feed\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: China &#8211; South China Morning PostI pay far less attention to China\u2019s growth numbers today. What matters more is where fiscal capacity is flowing. China has entered a phase&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/145471"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=145471"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/145471\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=145471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=145471"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=145471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}