Chinese economy not taking cue from Xi, Beijing turns to roots of the problem — debt-ridden provinces – Firstpost

China’s finance ministry vows to increase central bond issuance and flexible transfer payments to cash-strapped local governments in 2026, easing austerity measures triggered by collapsing land sales revenue. While support will help, Beijing signals modest aid won’t fully reverse trillions in arrears and spending cuts. China’s central authorities plan to bolster financial support for provincial…

Sri Lanka Secures €188M Debt Relief from Germany

COLOMBO (News 1st); Sri Lanka has signed a bilateral agreement with the Federal Republic of Germany as part of its ongoing external debt restructuring process, marking a significant milestone in the country’s efforts to restore debt sustainability and revive its economy. The agreement, concluded after bilateral discussions following the Memorandum of Understanding (MoU) with the…

Sri Lanka Secures €188M Debt Relief from Germany

COLOMBO (News 1st); Sri Lanka has signed a bilateral agreement with the Federal Republic of Germany as part of its ongoing external debt restructuring process, marking a significant milestone in the country’s efforts to restore debt sustainability and revive its economy. The agreement, concluded after bilateral discussions following the Memorandum of Understanding (MoU) with the…