Is the bankruptcy of Sri Lanka due to the stagnation of tourism caused by the epidemic?

The bankruptcy of Sri Lanka was caused by the epidemic, but it was not entirely due to the stagnation of tourism, but also because Sri Lanka's agriculture was seriously affected. It is very normal for a company to face bankruptcy, but a country goes bankrupt, which makes many people very shocked, because for many people, the country is a very powerful existence. If the country goes bankrupt, the people of the whole country will be greatly impacted and affected.

But it is not impossible for a country to go bankrupt, especially after the COVID-19 epidemic, the economies of many countries have been greatly impacted and affected, and Sri Lanka is one of them. I believe you must be very familiar with Sri Lanka. Even though many people have never been to Sri Lanka at all, many black tea drinks sold in our country will be marked with Sri Lankan black tea. So before this, Sri Lanka was also a famous tourist country, because it was a relatively small country, so the scenery was beautiful.

In addition, Sri Lanka's domestic agriculture has also been greatly affected, because before the outbreak of the COVID-19 epidemic, Sri Lanka's economic structure was dominated by tourism, without paying special attention to other industries. Generally speaking, China tourists make the greatest contribution to Sri Lankan tourism, on the one hand, because China people have more potential, and on the other hand, because China people really like to travel. However, after the outbreak of the COVID-19 epidemic, China people dare not go abroad easily, so there is no way for Sri Lanka to continue to develop tourism.

But the root cause of Sri Lanka's bankruptcy is not only the stagnation of tourism. Before the outbreak of COVID-19, Sri Lanka had a large amount of foreign debts. As of this year, Sri Lanka still has $8 billion in loans to repay, so the country's entire economy is in crisis.