Twin deficits, balance of payments issues plague Sri Lanka

After the economic collapse of Sri Lanka, efforts are under way to pull the country out of its unprecedented condition. Sri Lanka’s foreign-exchange reserves dipped to US$1.716 billion in August 2022 compared with $1.817 billion in the previous month. The governor of the Central Bank of Sri Lanka (CBSL), Nandalal Weerasinghe, said the nation must […]Continue Reading

At Party Congress, Xi doubles down on China’s direction

After months of preparation and concerning sentiment stemming from a deteriorating external environment, Covid-related restrictions and the plummeting real-estate sector, the Communist Party of China’s 20th National Congress started with President Xi Jinping’s delivery of the work report. First of all, dynamic zero-Covid policies remain in place, sealed by the success in saving lives during […]Continue Reading