{"id":4201,"date":"2021-03-24T04:29:39","date_gmt":"2021-03-24T04:29:39","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=4201"},"modified":"2021-03-24T04:29:39","modified_gmt":"2021-03-24T04:29:39","slug":"china-debt-under-pressure-local-governments-racked-up-us2-3-trillion-in-hidden-debt-last-year","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=4201","title":{"rendered":"China debt: \u2018under pressure\u2019 local governments racked up US$2.3 trillion in hidden debt last year"},"content":{"rendered":"<p>Source: South China Morning PostChina\u2019s local governments had 14.8 trillion yuan (US$2.3 trillion) of hidden debt last year, and the figure could climb even further this year, according to a government-linked think tank.Local governments were under pressure to increase infrastructure investments and shore up growth through the coronavirus pandemic, leading to a 6 per cent rise in off-budget borrowing from a recent low of 13.9 billion yuan (US$2.1 trillion) in the third quarter of 2019, according to Liu Lei, a senior\u2026<a href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3126737\/china-debt-under-pressure-local-governments-racked-us23\" target=\"_blank\" rel=\"noopener\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: South China Morning PostChina\u2019s local governments had 14.8 trillion yuan (US$2.3 trillion) of hidden debt last year, and the figure could climb even further this year, according to a&hellip; <\/p>\n","protected":false},"author":0,"featured_media":4202,"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\/4201"}],"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=4201"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/4201\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/media\/4202"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4201"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}