{"id":26160,"date":"2021-11-06T09:30:18","date_gmt":"2021-11-06T09:30:18","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=26160"},"modified":"2021-11-06T09:30:18","modified_gmt":"2021-11-06T09:30:18","slug":"china-cracks-down-on-characteristic-towns-that-misused-land-real-estate-while-racking-up-massive-debt","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=26160","title":{"rendered":"China cracks down on \u2018characteristic towns\u2019 that misused land, real estate while racking up massive debt"},"content":{"rendered":"<p>Source: China &#8211; South China Morning PostAcross China, poorly planned ghost towns filled with unsold homes or faux-historic architecture \u2013 part of an initiative meant to boost tourism and local revenue \u2013 are facing elimination as Beijing puts them under the microscope.The move is in line with the central government\u2019s efforts to crack down on high local government debt and excess.Last month, the National Development and Reform Commission \u2013 the state planner \u2013 announced that these \u201ccharacteristic towns\u201d will be assessed and could be\u2026<a href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3155055\/china-cracks-down-characteristic-towns-misused-land-real?utm_source=rss_feed\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: China &#8211; South China Morning PostAcross China, poorly planned ghost towns filled with unsold homes or faux-historic architecture \u2013 part of an initiative meant to boost tourism and local&hellip; <\/p>\n","protected":false},"author":0,"featured_media":26161,"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\/26160"}],"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=26160"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/26160\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/media\/26161"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26160"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}