3min chapter

Odd Lots cover image

The Covid Protests in China and Why They Happened Now

Odd Lots

CHAPTER

Local Fiscal Stress in China

Local fiscal stress can cause some kind of issues down the road. The Chinese government has had to rely on these informal workers, quasi-formal workers at the community level for quarantine and repression. Fortunately for the Chinese government in places like Beijing and Shanghai, there's plenty of money. But not every local government can come up with the money at the drop of a hat anymore.

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