{"id":45996,"date":"2024-09-11T07:19:33","date_gmt":"2024-09-10T23:19:33","guid":{"rendered":"https:\/\/chinaworker.info\/?p=45996"},"modified":"2024-09-11T18:23:40","modified_gmt":"2024-09-11T10:23:40","slug":"chinas-japanification-worse-than-japans","status":"publish","type":"post","link":"https:\/\/chinaworker.info\/en\/2024\/09\/11\/45996\/","title":{"rendered":"China\u2019s \u2018Japanification\u2019 worse than Japan\u2019s"},"content":{"rendered":"

Socialist magazine editorial part 3 (the first and second parts of this article series were\u00a0published on 5 September and 8 September 2024)\u00a0<\/em><\/p>\n

\u201cPerhaps even more difficult\u201d than Japan in the 1990s \u2013 that is the verdict of Lu Ting, chief China economist at Japanese bank Nomura. He was speaking about China\u2019s future arc of development as it grapples with a collapsed housing bubble. Japan has suffered more than three \u201clost decades\u201d of low growth, rising debt and falling prices (deflation).<\/p>\n

Lu was addressing an economic conference in Hainan\u00a0province\u00a0significantly themed: \u201cHow many years will we lose?\u201d His comments serve to confirm the analysis made by Marxist website\u00a0chinaworker.info\u00a0that China\u2019s version of \u2018Japanification\u2019 is likely to be worse than the original.<\/p>\n

Lu highlighted some important differences between the two countries. One key difference, he said, is that China\u2019s real estate meltdown impacts not only its biggest cities, but to an even greater extent the small and medium-sized cities. In China these are designated as tier 3, 4 and 5 cities. In 2021, the year China\u2019s property bubble burst, 78 percent of total housing construction took place in tier 3 cities, according to a study by Kenneth Rogoff and Yuanchen Yang of the Stanford Center on China\u2019s Economy and Institutions.<\/p>\n

Many of these cities are now shrinking which aggravates the mismatch between excessive housing supply and weak demand. There are 71 tier 3 cities with a combined population of over 300 million. In 2021, these cities suffered a combined population loss of 2 percent (around six million people) in a single year.<\/p>\n

Japan\u2019s real estate bubble was mainly concentrated in its six largest metropolitan areas and applied mostly to the commercial property sector. By contrast, as Lu explained, China\u2019s collapsed property bubble is manifested mainly in the residential sector. It is therefore much bigger and more directly impacts the population at large.<\/p>\n

Crisis worsens<\/strong><\/p>\n

China\u2019s property crisis has continued to worsen this year, defying predictions from global capitalist agencies and the CCP regime that it would stabilise. New construction starts fell 24 percent year-on-year in the first half of this year, following year-on-year declines of 21 percent in 2023 and 39 percent in 2022, according to the Financial Times.<\/p>\n

A succession of new measures from the central government, including lower interest rates and looser controls \u2013 overturning many previous CCP policies \u2013 have made no impact. This includes a fund launched in May, worth 500 billion yuan, to enable local governments to buy up unsold houses and convert them into \u201caffordable housing\u201d. Figures released by the People\u2019s Bank of China in August, show that only 24.7 billion yuan (less than 5 percent) has been used. Many local governments have shown zero interest in implementing this policy.<\/p>\n

China\u2019s house prices have not fallen as precipitously as Japan\u2019s did, but this may now change. Japan\u2019s property prices kept falling for 18 years. In China, local governments set price levels for new housing mostly sold on the \u2018pre-sale\u2019 model. This has slowed the nationwide price fall, which nevertheless has averaged 20 percent over the past three years according to Chen Long of Plenum, a research group.<\/p>\n

However, as the CCP\u2019s efforts to break the vicious circle become increasingly desperate, a new policy from August will see many local governments loosen price controls, which could spark much bigger declines. This latest policy zigzag has been forced on Beijing by market pressures. Last year, sales of second-hand homes, a less regulated sector where prices have fallen faster, exceeded the sales of new homes for the first time. By further reducing the market for new homes, this has aggravated the debt financing problems of the property companies, 80 of which have defaulted.<\/p>\n

This debt pressure has forced Xi Jinping\u2019s regime into a partial capitulation to market forces and deregulation. But loosening price controls could boomerang on the CCP and the property companies, making home buyers even more hesitant in the expectation that prices will fall further.<\/p>\n

Imperialist tensions<\/strong><\/p>\n

A key point in Lu Ting\u2019s speech addressed geopolitics \u2013 what we Marxists call the imperialist bloc conflict or New Cold War. The trade war Japan faced in the 1980s and 90s was a \u201crelatively pure trade war\u201d he said. It was an \u201cera of rapid globalization\u201d and geopolitical problems were \u201cnot serious\u201d. Today, Chinese capitalism faces an unmistakably hostile environment. Japan could overcome protectionism from Western governments by building factories in the US, Europe and other places, Lu explained.<\/p>\n

This option is extremely problematic for China as a result of US-led decoupling and containment policies, which continue to escalate. Chinese factories are largely blocked from setting up on US soil on \u201cnational security\u201d grounds. They must turn instead to Southeast Asia and Latin America for offshore locations. But even these overseas Chinese factories are being targeted by the US government with trade sanctions.<\/p>\n

The Bangkok Post (21 August) reported that Chinese-owned solar factories in Malaysia, Thailand and Vietnam are shutting down under the threat of US tariffs. Mexico recently got cold feet about welcoming Chinese automakers to set up in the country, despite one in three cars sold in Mexico now coming from China. This is under US pressure, insisting its own treaties with Mexico will not permit it to become \u201ca backdoor to China\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"

Socialist magazine editorial part 3 (the first and second parts of this article series were\u00a0published on 5 September and 8 September 2024)\u00a0 \u201cPerhaps even more difficult\u201d than Japan in the 1990s \u2013 that is the verdict of Lu Ting, chief China economist at Japanese bank Nomura. He was speaking about China\u2019s future arc of development […]<\/p>\n","protected":false},"author":10,"featured_media":45991,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[404,408],"tags":[174,37601,2619,37978],"class_list":{"0":"post-45996","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-features","8":"category-reviews","9":"tag-china-2","10":"tag-chinese-economy","11":"tag-housing-bubble","12":"tag-japanification"},"yoast_head":"\nChina\u2019s \u2018Japanification\u2019 worse than Japan\u2019s - China Worker<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/chinaworker.info\/en\/2024\/09\/11\/45996\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China\u2019s \u2018Japanification\u2019 worse than Japan\u2019s - China Worker\" \/>\n<meta property=\"og:description\" content=\"Socialist magazine editorial part 3 (the first and second parts of this article series were\u00a0published on 5 September and 8 September 2024)\u00a0 \u201cPerhaps even more difficult\u201d than Japan in the 1990s \u2013 that is the verdict of Lu Ting, chief China economist at Japanese bank Nomura. He was speaking about China\u2019s future arc of development […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/chinaworker.info\/en\/2024\/09\/11\/45996\/\" \/>\n<meta property=\"og:site_name\" content=\"China Worker\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SocialistAction\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-10T23:19:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-11T10:23:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/media1.chinaworker.info\/2024\/09\/204586806.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1080\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"-\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"-\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/chinaworker.info\\\/en\\\/2024\\\/09\\\/11\\\/45996\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/chinaworker.info\\\/en\\\/2024\\\/09\\\/11\\\/45996\\\/\"},\"author\":{\"name\":\"-\",\"@id\":\"https:\\\/\\\/chinaworker.info\\\/en\\\/#\\\/schema\\\/person\\\/d04f65d784347c9071efdf48f7338c4f\"},\"headline\":\"China\u2019s \u2018Japanification\u2019 worse than Japan\u2019s\",\"datePublished\":\"2024-09-10T23:19:33+00:00\",\"dateModified\":\"2024-09-11T10:23:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/chinaworker.info\\\/en\\\/2024\\\/09\\\/11\\\/45996\\\/\"},\"wordCount\":871,\"publisher\":{\"@id\":\"https:\\\/\\\/chinaworker.info\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/chinaworker.info\\\/en\\\/2024\\\/09\\\/11\\\/45996\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/media1.chinaworker.info\\\/2024\\\/09\\\/204586806.jpg\",\"keywords\":[\"China\",\"Chinese economy\",\"Housing bubble\",\"Japanification\"],\"articleSection\":[\"Features\",\"Reviews\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/chinaworker.info\\\/en\\\/2024\\\/09\\\/11\\\/45996\\\/\",\"url\":\"https:\\\/\\\/chinaworker.info\\\/en\\\/2024\\\/09\\\/11\\\/45996\\\/\",\"name\":\"China\u2019s \u2018Japanification\u2019 worse than Japan\u2019s - China Worker\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/chinaworker.info\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/chinaworker.info\\\/en\\\/2024\\\/09\\\/11\\\/45996\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/chinaworker.info\\\/en\\\/2024\\\/09\\\/11\\\/45996\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/media1.chinaworker.info\\\/2024\\\/09\\\/204586806.jpg\",\"datePublished\":\"2024-09-10T23:19:33+00:00\",\"dateModified\":\"2024-09-11T10:23:40+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/chinaworker.info\\\/en\\\/2024\\\/09\\\/11\\\/45996\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/chinaworker.info\\\/en\\\/2024\\\/09\\\/11\\\/45996\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/chinaworker.info\\\/en\\\/2024\\\/09\\\/11\\\/45996\\\/#primaryimage\",\"url\":\"https:\\\/\\\/media1.chinaworker.info\\\/2024\\\/09\\\/204586806.jpg\",\"contentUrl\":\"https:\\\/\\\/media1.chinaworker.info\\\/2024\\\/09\\\/204586806.jpg\",\"width\":1080,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/chinaworker.info\\\/en\\\/2024\\\/09\\\/11\\\/45996\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u9996\u9801\",\"item\":\"https:\\\/\\\/chinaworker.info\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"China\u2019s \u2018Japanification\u2019 worse than Japan\u2019s\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/chinaworker.info\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/chinaworker.info\\\/en\\\/\",\"name\":\"\u793e\u6703\u4e3b\u7fa9\u884c\u52d5\",\"description\":\"Solidarity, Struggle, Socialism\",\"publisher\":{\"@id\":\"https:\\\/\\\/chinaworker.info\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/chinaworker.info\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/chinaworker.info\\\/en\\\/#organization\",\"name\":\"Chinaworker.info\",\"url\":\"https:\\\/\\\/chinaworker.info\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/chinaworker.info\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/media1.chinaworker.info\\\/2021\\\/04\\\/logo-sa.png\",\"contentUrl\":\"https:\\\/\\\/media1.chinaworker.info\\\/2021\\\/04\\\/logo-sa.png\",\"width\":120,\"height\":126,\"caption\":\"Chinaworker.info\"},\"image\":{\"@id\":\"https:\\\/\\\/chinaworker.info\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/SocialistAction\",\"https:\\\/\\\/www.instagram.com\\\/socialistactionhk\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/chinaworker.info\\\/en\\\/#\\\/schema\\\/person\\\/d04f65d784347c9071efdf48f7338c4f\",\"name\":\"-\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/35c1e6925e0d620d80515f466191216adb533dcf3fa7d66aa80493d3356b403a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/35c1e6925e0d620d80515f466191216adb533dcf3fa7d66aa80493d3356b403a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/35c1e6925e0d620d80515f466191216adb533dcf3fa7d66aa80493d3356b403a?s=96&d=mm&r=g\",\"caption\":\"-\"},\"url\":\"https:\\\/\\\/chinaworker.info\\\/en\\\/author\\\/nathan\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"China\u2019s \u2018Japanification\u2019 worse than Japan\u2019s - China Worker","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/chinaworker.info\/en\/2024\/09\/11\/45996\/","og_locale":"en_US","og_type":"article","og_title":"China\u2019s \u2018Japanification\u2019 worse than Japan\u2019s - China Worker","og_description":"Socialist magazine editorial part 3 (the first and second parts of this article series were\u00a0published on 5 September and 8 September 2024)\u00a0 \u201cPerhaps even more difficult\u201d than Japan in the 1990s \u2013 that is the verdict of Lu Ting, chief China economist at Japanese bank Nomura. He was speaking about China\u2019s future arc of development […]","og_url":"https:\/\/chinaworker.info\/en\/2024\/09\/11\/45996\/","og_site_name":"China Worker","article_publisher":"https:\/\/www.facebook.com\/SocialistAction","article_published_time":"2024-09-10T23:19:33+00:00","article_modified_time":"2024-09-11T10:23:40+00:00","og_image":[{"width":1080,"height":720,"url":"https:\/\/media1.chinaworker.info\/2024\/09\/204586806.jpg","type":"image\/jpeg"}],"author":"-","twitter_card":"summary_large_image","twitter_misc":{"Written by":"-","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/chinaworker.info\/en\/2024\/09\/11\/45996\/#article","isPartOf":{"@id":"https:\/\/chinaworker.info\/en\/2024\/09\/11\/45996\/"},"author":{"name":"-","@id":"https:\/\/chinaworker.info\/en\/#\/schema\/person\/d04f65d784347c9071efdf48f7338c4f"},"headline":"China\u2019s \u2018Japanification\u2019 worse than Japan\u2019s","datePublished":"2024-09-10T23:19:33+00:00","dateModified":"2024-09-11T10:23:40+00:00","mainEntityOfPage":{"@id":"https:\/\/chinaworker.info\/en\/2024\/09\/11\/45996\/"},"wordCount":871,"publisher":{"@id":"https:\/\/chinaworker.info\/en\/#organization"},"image":{"@id":"https:\/\/chinaworker.info\/en\/2024\/09\/11\/45996\/#primaryimage"},"thumbnailUrl":"https:\/\/media1.chinaworker.info\/2024\/09\/204586806.jpg","keywords":["China","Chinese economy","Housing bubble","Japanification"],"articleSection":["Features","Reviews"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/chinaworker.info\/en\/2024\/09\/11\/45996\/","url":"https:\/\/chinaworker.info\/en\/2024\/09\/11\/45996\/","name":"China\u2019s \u2018Japanification\u2019 worse than Japan\u2019s - China Worker","isPartOf":{"@id":"https:\/\/chinaworker.info\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/chinaworker.info\/en\/2024\/09\/11\/45996\/#primaryimage"},"image":{"@id":"https:\/\/chinaworker.info\/en\/2024\/09\/11\/45996\/#primaryimage"},"thumbnailUrl":"https:\/\/media1.chinaworker.info\/2024\/09\/204586806.jpg","datePublished":"2024-09-10T23:19:33+00:00","dateModified":"2024-09-11T10:23:40+00:00","breadcrumb":{"@id":"https:\/\/chinaworker.info\/en\/2024\/09\/11\/45996\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/chinaworker.info\/en\/2024\/09\/11\/45996\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/chinaworker.info\/en\/2024\/09\/11\/45996\/#primaryimage","url":"https:\/\/media1.chinaworker.info\/2024\/09\/204586806.jpg","contentUrl":"https:\/\/media1.chinaworker.info\/2024\/09\/204586806.jpg","width":1080,"height":720},{"@type":"BreadcrumbList","@id":"https:\/\/chinaworker.info\/en\/2024\/09\/11\/45996\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u9996\u9801","item":"https:\/\/chinaworker.info\/en\/"},{"@type":"ListItem","position":2,"name":"China\u2019s \u2018Japanification\u2019 worse than Japan\u2019s"}]},{"@type":"WebSite","@id":"https:\/\/chinaworker.info\/en\/#website","url":"https:\/\/chinaworker.info\/en\/","name":"\u793e\u6703\u4e3b\u7fa9\u884c\u52d5","description":"Solidarity, Struggle, Socialism","publisher":{"@id":"https:\/\/chinaworker.info\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/chinaworker.info\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/chinaworker.info\/en\/#organization","name":"Chinaworker.info","url":"https:\/\/chinaworker.info\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/chinaworker.info\/en\/#\/schema\/logo\/image\/","url":"https:\/\/media1.chinaworker.info\/2021\/04\/logo-sa.png","contentUrl":"https:\/\/media1.chinaworker.info\/2021\/04\/logo-sa.png","width":120,"height":126,"caption":"Chinaworker.info"},"image":{"@id":"https:\/\/chinaworker.info\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/SocialistAction","https:\/\/www.instagram.com\/socialistactionhk\/"]},{"@type":"Person","@id":"https:\/\/chinaworker.info\/en\/#\/schema\/person\/d04f65d784347c9071efdf48f7338c4f","name":"-","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/35c1e6925e0d620d80515f466191216adb533dcf3fa7d66aa80493d3356b403a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/35c1e6925e0d620d80515f466191216adb533dcf3fa7d66aa80493d3356b403a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/35c1e6925e0d620d80515f466191216adb533dcf3fa7d66aa80493d3356b403a?s=96&d=mm&r=g","caption":"-"},"url":"https:\/\/chinaworker.info\/en\/author\/nathan\/"}]}},"_links":{"self":[{"href":"https:\/\/chinaworker.info\/en\/wp-json\/wp\/v2\/posts\/45996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chinaworker.info\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chinaworker.info\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/chinaworker.info\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/chinaworker.info\/en\/wp-json\/wp\/v2\/comments?post=45996"}],"version-history":[{"count":2,"href":"https:\/\/chinaworker.info\/en\/wp-json\/wp\/v2\/posts\/45996\/revisions"}],"predecessor-version":[{"id":46003,"href":"https:\/\/chinaworker.info\/en\/wp-json\/wp\/v2\/posts\/45996\/revisions\/46003"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/chinaworker.info\/en\/wp-json\/wp\/v2\/media\/45991"}],"wp:attachment":[{"href":"https:\/\/chinaworker.info\/en\/wp-json\/wp\/v2\/media?parent=45996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chinaworker.info\/en\/wp-json\/wp\/v2\/categories?post=45996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chinaworker.info\/en\/wp-json\/wp\/v2\/tags?post=45996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}