A nationwide general strike and protests broke out in Sri Lanka, causing businesses to close, transportation to be suspended, and the country to come to a standstill.
On May 6, local time, Sri Lankan President Gotabaya Rajapaksa announced that the country would enter a state of emergency from midnight that day to maintain social order. This is the second time the country has entered a state of emergency in five weeks.
According to Agence France-Presse, Sri Lanka’s Finance Minister Ali Sabri recently said that the country currently has less than US$50 million (approximately RMB 330 million) in available foreign exchange reserves. He also warned that Sri Lanka is about to experience a "money shortage".
Ali Sabri further predicted that the country's current serious economic crisis will last at least two years.
It is understood that Sri Lanka’s foreign debt totals US$51 billion, and the government is unable to repay it. For months, Sri Lanka has been severely short of food, fuel, and medicines that it relies on imports. At the same time, the country is also facing shortages of raw materials needed for industrial production, causing inflation to worsen, with the inflation rate soaring to 18.7% in March.
This also triggered nationwide general strikes and protests in Sri Lanka, causing businesses to close, transportation to be suspended, and the country to come to a standstill.
In view of the current crisis in Sri Lanka, cargo owners and freight forwarding companies are reminded to understand local foreign trade regulations and beware of buyers abandoning goods and collecting foreign exchange risks to avoid losses.
Original text: https://mp.weixin.qq.com/s/gQAvvrnAynH_0a_Dniry2A
English 
Chinese