{"id":6291,"date":"2023-03-28T03:56:29","date_gmt":"2023-03-28T10:56:29","guid":{"rendered":"https:\/\/weno.duckdns.org\/?p=6291"},"modified":"2023-03-28T03:56:29","modified_gmt":"2023-03-28T10:56:29","slug":"%e4%b8%ad%e5%9b%bd%e5%8f%af%e8%83%bd%e9%9d%a2%e4%b8%b4%e9%87%91%e8%9e%8d%e5%8d%b1%e6%9c%ba-%e4%b8%ad%e5%9b%bd%e5%b0%86%e9%9d%a2%e4%b8%b4%e6%95%b0%e4%b8%87%e4%ba%bf%e5%80%ba%e5%8a%a1%e5%9f%8e%e5%b8%82","status":"publish","type":"post","link":"https:\/\/weno.duckdns.org\/?p=6291","title":{"rendered":"\u4e2d\u56fd\u53ef\u80fd\u9762\u4e34\u91d1\u878d\u5371\u673a \u4e2d\u56fd\u5c06\u9762\u4e34\u6570\u4e07\u4ebf\u503a\u52a1\u57ce\u5e02\u5949\u884c\u96f6\u51a0\u653f\u7b56:\u534e\u5c14\u8857\u65e5\u62a5  China May Face Financial Crisis With Cities Under Trillions Of Debt Following Zero-Covid Policy: WSJ"},"content":{"rendered":"\n<p><a href=\"https:\/\/www.ibtimes.com\/china-may-face-financial-crisis-cities-under-trillions-debt-following-zero-covid-policy-wsj-3674261\">https:\/\/www.ibtimes.com\/china-may-face-financial-crisis-cities-under-trillions-debt-following-zero-covid-policy-wsj-3674261<\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Chinese cities are struggling to pay their bills as &#8216;hidden debts&#8217; soar  \u968f\u7740&#8221;\u9690\u6027\u503a\u52a1&#8221;\u7684\u6fc0\u589e\uff0c\u4e2d\u56fd\u57ce\u5e02\u6b63\u5728\u52aa\u529b\u652f\u4ed8\u8d26\u5355 <\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/edition.cnn.com\/2023\/01\/31\/economy\/china-local-governments-basic-services-debt-crisis-intl-hnk\/index.html\">https:\/\/edition.cnn.com\/2023\/01\/31\/economy\/china-local-governments-basic-services-debt-crisis-intl-hnk\/index.html<\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>\u4e2d\u56fd\u57ce\u5e02\u56e0\u652f\u4ed8\u5de8\u989d\u65b0\u51a0\u80ba\u708e\u5c01\u9501\u8d39\u7528\u800c\u73b0\u91d1\u4e0d\u8db3 China\u2019s cities are running out of cash to pay huge Covid lockdown bills<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/edition.cnn.com\/2022\/12\/02\/economy\/china-zero-covid-sustainability-debt-woes-intl-hnk\/index.html\">https:\/\/edition.cnn.com\/2022\/12\/02\/economy\/china-zero-covid-sustainability-debt-woes-intl-hnk\/index.html<\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/media.cnn.com\/api\/v1\/images\/stellar\/prod\/221125120228-china-covid-112422.jpg?w=640&#038;ssl=1\" alt=\"\"\/><figcaption class=\"wp-element-caption\">A worker in a protective suit sprays disinfectant as residents stand in line for their routine Covid-19 tests at a coronavirus testing site in Beijing on Thursday, November 24, 2022.  https:\/\/edition.cnn.com\/2022\/12\/02\/economy\/china-zero-covid-sustainability-debt-woes-intl-hnk\/index.html<\/figcaption><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>\u4e2d\u56fd\u5730\u65b9\u81ea\u6cbb\u56e2\u4f53\u627f\u62c5\u7684\u5927\u90e8\u5206\u503a\u52a1\u90fd\u662f\u4e3a\u4e86\u652f\u63f4\u5f15\u8d77\u4e89\u8bae\u7684\u96f6\u65b0\u51a0\u80ba\u708e\u653f\u7b56\u7684\u7279\u70b9&#8211;\u4e25\u683c\u7684\u5c01\u9501\u3001\u96c6\u4f53\u68c0\u6d4b\u3001\u9694\u79bb\u4e2d\u5fc3\u3002\u968f\u7740\u503a\u52a1\u53ca\u5176\u5229\u76ca\u7684\u4e0d\u65ad\u79ef\u7d2f\u548c\u6210\u719f\uff0c\u4e2d\u56fd\u5730\u65b9\u653f\u5e9c\u88ab\u8feb\u524a\u51cf\u652f\u51fa\u6216\u63a8\u8fdf\u6295\u8d44\uff0c\u963b\u788d\u7ecf\u6d4e\u589e\u957f\u548c\u516c\u5171\u670d\u52a1\u3002\u90d1\u5dde\u662f\u4e16\u754c\u4e0a\u6700\u5927\u7684iPhone\u5de5\u5382\u6240\u5728\u5730\uff0c\u5176\u8d22\u653f\u6536\u5165\u5e73\u5747\u6bcf\u5e74\u4e0b\u964d14%\uff0c\u603b\u503a\u52a1\u589e\u957f14%\u3002 2022\u5e74\uff0c\u5176\u503a\u52a1\u5bf9\u8d22\u653f\u6536\u5165\u6bd4\u731b\u589e178%\uff0c\u800c2019\u5e74\u4e3a75%\u3002\u4e2d\u56fd\u57ce\u5e02\u7684\u516c\u5171\u670d\u52a1\u652f\u51fa\u6b63\u53d7\u5230\u503a\u52a1\u589e\u957f\u7684\u5f71\u54cd\u3002\u90d1\u5dde\u7684\u516c\u4ea4\u8f66\u53f8\u673a\u8bf4\uff0c2021\u5e74\u4ed6\u4eec\u7684\u5de5\u8d44\u88ab\u524a\u51cf\u4e86\uff0c\u800c\u6e05\u626b\u8857\u9053\u7684\u4eba\u7ee7\u7eed\u5de5\u4f5c\uff0c\u5c3d\u7ba1\u51e0\u4e2a\u6708\u6765\u4ed6\u4eec\u90fd\u6ca1\u6709\u5f97\u5230\u670d\u52a1\u8d39\u3002<\/p>\n\n\n\n<p>Most of the debts incurred by Chinese local governments aimed to fund the strict lockdowns, mass testing and quarantine centers, which were the hallmarks of the controversial zero-COVID policy. As the debt and its interests continue to pile up and mature, Chinese local governments are forced to cut their spending or delay investments, impeding economic growth and public services. In Zhengzhou, where the world&#8217;s biggest iPhone factory stands, the city&#8217;s fiscal revenue dropped by an average of 14% per year while its total debt grew by 14%. Its debt-to-fiscal income ratio surged 178% in 2022, compared with 75% in 2019. The Chinese city&#8217;s public services spending is feeling the brunt of the growing debt. Zhengzhou&#8217;s bus drivers said their salaries were cut in 2021, while street sweepers continue to work despite not being paid for their services in months.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/cdn.cnn.com\/cnnnext\/dam\/assets\/230130182527-hegang-city-2020-exlarge-169.jpg?w=640&#038;ssl=1\" alt=\"\"\/><figcaption class=\"wp-element-caption\">https:\/\/cdn.cnn.com\/cnnnext\/dam\/assets\/230130182527-hegang-city-2020-exlarge-169.jpg  The northern coal city of Hegang covered in snow on January 2, 2020.<\/figcaption><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>\u5728\u9884\u793a\u4e60\u8fd1\u5e73\u96f6\u65b0\u51a0\u80ba\u708e\u653f\u7b56\u7a81\u7136\u7ed3\u675f\u768412\u6708\u653f\u7b56\u8f6c\u6362\u4e4b\u524d,\u5730\u65b9\u81ea\u6cbb\u56e2\u4f53\u6295\u5165\u5de8\u989d\u8d44\u91d1\u5b9e\u65bd\u9891\u7e41\u7684\u65b0\u51a0\u80ba\u708e\u5c01\u9501\u3001\u5927\u89c4\u6a21\u68c0\u67e5\u3001\u9632\u75ab\u4e2d\u5fc3\u8bbe\u7f6e\u7b49,\u4f7f\u9884\u7b97\u67af\u7aed\u3002<br>\u4e2d\u56fd\u4e00\u7701\u5728\u653f\u7b56\u8f6c\u6362\u524d\u6295\u5165220\u4ebf\u7f8e\u5143\u7528\u4e8e\u6d88\u9664\u65b0\u51a0\u80ba\u708e<br>\u4e2d\u56fd\u4e00\u7701\u5728\u653f\u7b56\u8f6c\u6362\u524d\u6295\u5165220\u4ebf\u7f8e\u5143\u7528\u4e8e\u6d88\u9664\u65b0\u51a0\u80ba\u708e<br>\u534e\u76db\u987f\u634d\u536b\u6c11\u4e3b\u57fa\u91d1\u4f1a\u9ad8\u7ea7\u7814\u7a76\u5458\u514b\u96f7\u683c?\u8f9b\u683c\u5c14\u987f(Craig Singleton)\u8bf4:&#8221;\u5317\u4eac\u6b63\u9762\u4e34\u81ea\u5df1\u5236\u9020\u7684\u7ecf\u6d4e\u96f7\u533a\u3002 \u603b\u800c\u8a00\u4e4b,\u4e2d\u56fd\u5f53\u524d\u7684\u503a\u52a1\u5371\u673a\u662f\u4e00\u573a\u5b8c\u7f8e\u7684\u98ce\u66b4\u3002 <\/p>\n\n\n\n<p>Local governments have\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnn.com\/2022\/12\/02\/economy\/china-zero-covid-sustainability-debt-woes-intl-hnk\/index.html\" target=\"_blank\">exhausted their budgets<\/a>\u00a0after spending enormous amounts of money on enforcing frequent Covid lockdowns, mass testing and setting up quarantine centers before\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnn.com\/2022\/12\/08\/china\/china-zero-covid-relaxation-reaction-intl-hnk\/index.html\" target=\"_blank\">December&#8217;s policy U-turn<\/a>, which signaled the abrupt end of Xi Jinping&#8217;s zero-Covid policy.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/cdn.cnn.com\/cnnnext\/dam\/assets\/230116133615-01-covid-file-china-medium-plus-169.jpg?w=640&#038;ssl=1\" alt=\"One Chinese province spent $22 billion on eliminating Covid before policy U-turn\"\/><\/figure>\n\n\n\n<p><a href=\"https:\/\/edition.cnn.com\/2023\/01\/16\/economy\/china-local-governments-reveal-covid-spending-intl-hnk-intl-hnk\/index.html\"><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/edition.cnn.com\/2023\/01\/16\/economy\/china-local-governments-reveal-covid-spending-intl-hnk-intl-hnk\/index.html\">One Chinese province spent $22 billion on eliminating Covid before policy U-turn<\/a><\/p>\n\n\n\n<p>&#8220;Beijing is facing an economic minefield of its own making,&#8221; said Craig Singleton, senior fellow for the Foundation for Defense of Democracies in Washington. &#8220;All told, China&#8217;s current debt crisis represents a perfect storm.&#8221;<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>\u6839\u636eMars Macro\u5206\u6790\u5e08\u7684\u6700\u65b0\u4f30\u8ba1\uff0c\u5730\u65b9\u653f\u5e9c\u91d1\u878d\u5de5\u5177\u53d1\u884c\u7684&#8221;\u9690\u6027\u503a\u52a1&#8221;\u52302022\u5e74\u5e74\u4e2d\u53ef\u80fd\u603b\u8ba1\u8fbe65\u4e07\u4ebf\u5143\u4eba\u6c11\u5e01\uff08\u54089.6\u4e07\u4ebf\u7f8e\u5143\uff09\u3002 \u6e56\u5357\u7684\u4e00\u5bb6\u7ecf\u6d4e\u7814\u7a76\u516c\u53f8\u3002\u8fd9\u6bd4\u9ad8\u76db2021\u5e74\u9884\u6d4b\u768453\u4e07\u4ebf\u5143\u4eba\u6c11\u5e01\u9ad8\u51fa20%\u4ee5\u4e0a\u3002<br>\u8fd9\u76f8\u5f53\u4e8e\u4e2d\u56fdGDP\u7684\u4e00\u534a\u4ee5\u4e0a\u3002\u5206\u6790\u5e08\u4f30\u8ba1\uff0c\u603b\u4f53\u800c\u8a00\uff0c\u4e2d\u56fd\u653f\u5e9c\u503a\u52a1\u76f8\u5f53\u4e8e\u5176GDP\u7684102%\u3002 <\/p>\n\n\n\n<p>The &#8220;hidden debt&#8221; issued by local government financial vehicles, entities created to circumvent borrowing restrictions and used to channel funding for infrastructure spending, might have totaled 65 trillion yuan ($9.6 trillion) by the middle of 2022, according to a recent estimate by analysts at Mars Macro, an economic research firm based in Hunan.  That&#8217;s more than 20% higher than the estimate of 53 trillion yuan made by Goldman Sachs in 2021. That would be equivalent to more than half of China&#8217;s GDP. Overall, Chinese government debt is now equivalent to 102% of its GDP, the analysts estimated.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/cdn.cnn.com\/cnnnext\/dam\/assets\/230130204737-wujiang-river-bridge-exlarge-169.jpg?w=640&#038;ssl=1\" alt=\"\"\/><figcaption class=\"wp-element-caption\">The Wujiang Bridge in the city of Zunyi in the southwest province of Guizhou on Nov. 24, 2021. https:\/\/edition.cnn.com\/2023\/01\/31\/economy\/china-local-governments-basic-services-debt-crisis-intl-hnk\/index.html<\/figcaption><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>\u4e2d\u56fd\u7537\u5b50\u88ab\u6307\u62d2\u7edd\u8fdb\u5165\u9694\u79bb\u8bbe\u65bd\u540e\u88ab\u62d6\u51fa\u5bb6\u95e8 Chinese Man dragged out of home after allegedly refusing to go to quarantine facility<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-4-3 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Man was dragged from his home after allegedly refusing to enter a quarantine facility I China I\" width=\"640\" height=\"480\" src=\"https:\/\/www.youtube.com\/embed\/3cb-QoAYJg8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Brutal lockdown cost cash ran out of local government in China<\/p>\n","protected":false},"author":2,"featured_media":6292,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[102,103,114,513,527],"tags":[170,93,214,154,44],"class_list":["post-6291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-china-economy","category-china-virus","category-wuhan","category-513","category--where-the-state-has-taken-everything-out-of-the-individual-is-china","tag-brainwashed_chinese","tag-ccp-propaganda","tag-china_economic_bubble","tag-lockdown","tag-wuhan-virus"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/weno.duckdns.org\/wp-content\/uploads\/2023\/03\/Screenshot-2023-03-28-at-19.54.30.jpg?fit=1021%2C648&ssl=1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/weno.duckdns.org\/index.php?rest_route=\/wp\/v2\/posts\/6291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/weno.duckdns.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/weno.duckdns.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/weno.duckdns.org\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/weno.duckdns.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6291"}],"version-history":[{"count":0,"href":"https:\/\/weno.duckdns.org\/index.php?rest_route=\/wp\/v2\/posts\/6291\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/weno.duckdns.org\/index.php?rest_route=\/wp\/v2\/media\/6292"}],"wp:attachment":[{"href":"https:\/\/weno.duckdns.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/weno.duckdns.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/weno.duckdns.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}