Sri Lanka’s Debt Crisis Tests China’s Role as Financier to Poor Countries

Sri Lanka’s Debt Crisis Tests China’s Role as Financier to Poor Countries

COLOMBO, Sri Lanka—As Sri Lanka’s foreign-exchange reserves began to dwindle under a mountain of debt early in the Covid-19 pandemic, some officials argued it was time to ask for a bailout from the International Monetary Fund, a politically fraught move that traditionally comes with painful austerity measures. But China, Sri Lanka’s largest single creditor, offered

As Inflation Eases Public Debt Load, Economists Sound Cautionary Note

As Inflation Eases Public Debt Load, Economists Sound Cautionary Note

Rampant inflation is helping reduce the weight of the world’s public debt relative to its economic output, a boon for governments that economists warn could easily backfire if inflation stays unchecked. Some highly indebted European countries—including Greece, Portugal and the U.K.—are on track to erase the additional debt raised to combat the Covid-19 pandemic as

China’s Manufacturing Activity Pummeled by Covid Restrictions

China’s Manufacturing Activity Pummeled by Covid Restrictions

BEIJING—Readings of Chinese factory and service-sector activity worsened dramatically in April, falling to their lowest levels since the early days of the Covid-19 outbreak, as recent lockdowns in dozens of cities across the country shut factories and pummeled consumer spending. China’s National Bureau of Statistics said Saturday that its official manufacturing purchasing managers index dropped

Canada Secures Subsidized Child-Care Deal

Canada Secures Subsidized Child-Care Deal

OTTAWA– Canada on Monday authorized a landmark strategy for subsidized $8-a-day kid care, a significant win for Liberal Prime Minister Mondays advancement marks a considerable political success for Mr. Trudeau, whose government dramatically shifted to the left of the political spectrum throughout the Covid-19 pandemic and made budget-friendly kid care a focal point of a

China’s Slowdown to Limit Global Growth but Not Undermine World Economy

China’s Slowdown to Limit Global Growth but Not Undermine World Economy

After at first leading the world out of economic downturn in late 2020 and early 2021, Chinas economy has actually weakened significantly recently. Consumer-spending growth has been weak, weighed down by Chinas stringent “zero-Covid” social restrictions and dull household income development. However one potential silver lining of the downturn, financial experts say, could be a

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