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BEIJING, March 6 (Xinhua) -- The journalists from home and abroad for Beijing 2022 were invited to an online city tour of Wuhan in central China at the Main Med
Shocks and missteps: how Sri Lanka's economy ended in crisis
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COLOMBO - In late November 2019, after winning Sri Lanka's presidential election and months ahead of a parliamentary ballot that would again test his popularity, Gotabaya Rajapaksa gathered his cabinet and made good on a campaign promise to slash taxes. The move, which included a near-halving of value added tax, blindsided some top central bank executives. "The tax cuts just...
While the hit to Sri Lanka's coffers was inevitable, policies before COVID-19 struck and since have exacerbated the problems, leaving the country in a vulnerable financial position.