Sporadic COVID-19 outbreaks and new lockdowns have weakened China’s growth, which the ADB said will be slower than the rest of developing Asia for the first time in more than three decades.
The government lacks the fiscal space to allow tax concessions, or spend big on building bridges, roads and ports after racking up debt to help cushion the impact of the pandemic.
The coronavirus pandemic is giving Philippine President Rodrigo Duterte a reason to reduce overcrowding in Manila, which in recent decades has swelled into one of the most heavily populated areas on Earth. Duterte is offering cash and goods to induce city-dwellers to move out of ...
