{"id":39689,"date":"2022-03-19T04:00:17","date_gmt":"2022-03-19T04:00:17","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=39689"},"modified":"2022-03-19T04:00:17","modified_gmt":"2022-03-19T04:00:17","slug":"coronavirus-chinas-zero-covid-policy-pushes-cash-strapped-local-governments-to-the-brink","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=39689","title":{"rendered":"Coronavirus: China\u2019s zero-Covid policy pushes cash-strapped local governments to the brink"},"content":{"rendered":"<p>Source: China &#8211; South China Morning PostLocal governments in China are facing a growing financial burden to meet Beijing\u2019s hardline zero-Covid strategy amid rising health care costs and efforts to control debt, analysts said.<\/p>\n<p>China is battling its biggest virus surge in two years and numerous cities have imposed travel bans and lockdowns, including tech hub Shenzhen, which have shaken economic stability and global supply chains.<\/p>\n<p>\u201cThe outbreak is currently the biggest macroeconomic event in China,\u201d Tianfeng Securities, a China-based\u2026<a href=\"https:\/\/www.scmp.com\/economy\/article\/3170983\/coronavirus-chinas-zero-covid-policy-pushes-cash-strapped-local-governments?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 PostLocal governments in China are facing a growing financial burden to meet Beijing\u2019s hardline zero-Covid strategy amid rising health care costs and efforts to&hellip; <\/p>\n","protected":false},"author":0,"featured_media":39690,"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\/39689"}],"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=39689"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/39689\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/media\/39690"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39689"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}