A small enhancement to the answer above, also meant as a answer to the comment of @LoganM.
In general you can do the same steps, you can do the coordinate transformation to $z,\bar{z}$, and then look at the limit z to 0.
This seems to give only one point, hence a local operator but if we look at the metric under this coordinate transformation we see that the metric diverges here.
Even though the circle shrinks to a point when taking $z\bar{z} \rightarrow 0$, the metric diverges simultaneously.
This is analogous to the case in Penrose Diagramms.
Even though diagrammatically all points in space seems to converge to one event at $t\rightarrow \infty $, the distance between each spatial point in the diagram diverges, while the points become infinitive narrow.
What really happens to all points in space is, that their separation stays about the same also at the limit $t\rightarrow \infty $.
In general you can bring an event that was infinite far away (i.e. $t\rightarrow \infty $) to a finite distance (i.e. $z \rightarrow 0$), but you will encounter a singularity in the metric then (that is what we do in Penrose diagrams).
This gives then an easy way to find the operator from the state, because we time evolved a finite distance in time which is obviously invertible.
This operator sits only at z=0 but as argued this does not imply that the operator is local.
The relevant aspect of the CFT is therefore, that we can render the metric finite even though you are looking at $t\rightarrow \infty $ where it should explode otherwise.
The transformation that is allowed because we are dealing with a CFT brings all the points at $t\rightarrow \infty $ to the same event.
Before this transformation the point z=0 only looks like a point because we hide the real extent of it in the singular metric.
Now it is indeed a point and the operator at z=0.
Hence, we can conclude that the operator is local from the fact that it sits only at z=0.