Type to search

Zoo’s Food Plea Highlights China’s Local Debt Crisis – CNN

China’s provincial governments were forced to spend billions on Xi Jinping’s zero-Covid policy and have been hit hard by the country’s property woes

Woman wearing a mask walks past buildings on a polluted day in Hebei
A woman wearing a mask walks past buildings on a polluted day in Handan, Hebei province, China, in January 2019. Photo: Reuters


China’s regional government debt crisis has seen one city forced to appeal for food to feed hungry animals at its municipal zoo, CNN reported.

A Chinese wildlife conservation group made the plea for animals kept at a zoo inside the local government-run Dongshan Park in the northern province of Liaoning, the report went on. 

Provincial authorities have been hit hard after spending billions of dollars on mass testing and lockdowns to enforce President Xi Jinping’s zero-Covid campaign, as well the crisis in the property market which has seen a sharp drop in land sales, depriving them of a major revenue source.

Read the full story: CNN


  • By Sean O’Meara


Also on AF:

China Debt Ratio Three Times GDP in Record High – Nikkei

China Debt Woes to Weigh on Asia High-Yield Issues in 2022

China Facing Reality Check After Long Boom Built on Debt

China’s $13tn Provincial Debt Crisis Threatens to Spill Over



Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.


AF China Bond