Beijing says no bailouts for local governments after zero-COVID policy drains coffers
The central government could act if it fears social unrest sparked by unpaid wages and benefits, analysts say.
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The central government could act if it fears social unrest sparked by unpaid wages and benefits, analysts say.
With Beijing expected to continue flexing its muscles ahead of the Chinese Communist Party's (CCP) national congress in the autumn, and expert anxieties over the risk of a cross-Taiwan Strait military crisis, the public mood in Taiwan is mixed.
Beijing is expected to continue flexing its muscles ahead of the Chinese Communist Party’s (CCP) National Congress in the autumn, stoking fears of a cross-strait military crisis. However, the mood among Taiwanese is mixed. Three polls released in the past two weeks — by the Taiwanese Public Opinion Foundation, the Chinese Association of Public Opinion Research and online media Convergence Media — showed that 60 to 78 percent of respondents were not worried about large-scale live-fire military drills launched by Beijing in the wake of US House of Representatives Speaker Nancy Pelosi’s v...