·HSK 6

emerging market debt crisis intensifies
xīnyuàn shìchǎng guójiā zhàiwù wēijī jiānjù
新兴市场国家债务危机加剧
。

Zambia, Sri Lanka, Ghana, Ethiopia restructured debt

zànbǐyà、sīlǐ lánkǎ、jiānà hé āisài éluóbǐyà děng xīnyuàn shìchǎng guójiā bèipò jìnxíng zhàiwù chóngzǔ

赞比亚、斯里兰卡、加纳和埃塞俄比亚等新兴市场国家被迫进行债务重组

。

March 31, 2024 at 2:00 PM

emerging market countries faced serious debt crisis between 2023 and 2024

xīnyuàn shìchǎng guójiā zài èr líng èr sān zhì èr líng èr sì niánjiān xiànrù le yánzhòng de zhàiwù wēijī

新兴市场国家在二零二三至二零二四年间陷入了严重的债务危机

。

many countries including Zambia, Sri Lanka, Ghana, Ethiopia restructured sovereign debt

zànbǐyà、sīlǐ lánkǎ、jiānà hé āisài éluóbǐyà děng duō ge guójiā bèipò jìnxíng zhǔquán zhàiwù chóngzǔ

赞比亚、斯里兰卡、加纳和埃塞俄比亚等多个国家被迫进行主权债务重组

。

Pakistan and Egypt required IMF bailouts

bājīsītǎn hé āijí yīn wúfǎ chánghuán zhàiwù ér bèipò xúnqiú guójì huòbì jījīn zǔzhī de jiùzhù

巴基斯坦和埃及因无法偿还债务而被迫寻求国际货币基金组织的救助

。

US continuously raised interest rates

měiguó búduàn shàngtíáo lìlǜ

美国不断上调利率

，

causing dollar to strengthen

dǎozhì měiyuán shēngzhí

导致美元升值

。

strong dollar and high rates increased burden on dollar-denominated debt

qiángshì měiyuán hé gāo lìlǜ huánjìng dàdà zēngjiā le yǐ měiyuán jìjià zhàiwù de huánzhài fùdān

强势美元和高利率环境大大增加了以美元计价债务的还债负担

。

many emerging economies had insufficient foreign exchange reserves

xǔduō xīnyuàn jīngjìtǐ de wàihuì chǔbèi yánzhòng búzú

许多新兴经济体的外汇储备严重不足

。

making them unable to cope with sudden capital outflows

zhè shǐde tāmen wúfǎ yìngduì túfā de zīběn wàiliú

这使得它们无法应对突发的资本外流

。

G20 Common Framework aimed to help distressed countries

èr shí guó jítuán de gòngtóng kuàngjiàng suīrán zhǐzài wéi xiànrù kùnnjìng de guójiā tígōng jiùjì

二十国集团的共同框架虽然旨在为陷入困境的国家提供救济

，

but progress was slow and faced criticism

dàn qī jìnzhǎn huǎnmàn bèi shòu pīpíng

但其进展缓慢备受批评

。

according to international financial institutions

jù guójì jīnróng jīgòu tǒngjì

据国际金融机构统计

，

over 50 developing nations fell into debt distress

quánqiú chāoguò wǔ shí ge fāzhǎn zhōng guójiā xiànrù zhàiwù kùndùn zhuàngtài

全球超过五十个发展中国家陷入债务困顿状态

。

New Words

xinxing shichang

新兴市场

emerging markets

zhaimu weiji

债务危机

debt crisis

Zanbiya

赞比亚

Zambia

Sili Lanka

斯里兰卡

Sri Lanka

Bajisitan

巴基斯坦

Pakistan

Aiji

埃及

Egypt

guoji huobi jijin zuzhi

国际货币基金组织

IMF

waihuì

外汇

foreign exchange

chubei

储备

reserves

huanzhai

还债

debt repayment

News in English

Business

Emerging Markets Face Debt Crisis

Emerging markets faced debt crisis 2023-2024 with Zambia, Sri Lanka, Ghana restructuring; strong dollar and high US rates increased burden.

Emerging market countries faced serious debt crises between 2023 and 2024.

Many countries including Zambia, Sri Lanka, Ghana, and Ethiopia underwent sovereign debt restructuring. Pakistan and Egypt required IMF bailouts due to inability to service debt obligations. The US continuously raised interest rates, causing the dollar to strengthen significantly.

Strong dollar conditions and elevated interest rates increased the burden on dollar-denominated debt repayment for developing nations. Many emerging economies suffered from insufficient foreign exchange reserves, preventing them from managing sudden capital outflows. According to international financial institutions, over 50 developing nations fell into debt distress.

emerging market debt crisis intensifies
xīnyuàn shìchǎng guójiā zhàiwù wēijī jiānjù
新兴市场国家债务危机加剧
。

New Words

News in English

Emerging Markets Face Debt Crisis

More in Business

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zhōngguó
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plan
jìhuà
计划
2026
2026 nián
2026年
artificial intelligence
AI
AI
chip
xīnpiàn
芯片
production capacity
chǎnéng
产能
triple
fān sānbèi
翻三倍
。

China
zhōngguó
中国
artificial intelligence
AI
AI
chip
xīnpiàn
芯片
manufacturers
zhìzàoshāng
制造商
revenue
yíngshōu
营收
significantly
dàfú
大幅
grow
zēngzhǎng
增长
。

United States / American
Měiguó
美国
July
7 yuè
7月
Consumer Price Index (CPI)
CPI
CPI
only / merely
jǐn
仅
to rise / to go up
shēng
升
0.1 percent
0.1%
0.1%
，
interest rate hike
jiā xī
加息
worry / concern
dānyōu
担忧
to ease / to alleviate
huǎnjiě
缓解
。

Trian Fund Management (investment firm)
Tèlǐān Jījīn
特里安基金
to plan / plan
jìhuà
计划
to acquire / takeover
shōugòu
收购
Wendys (fast-food chain)
Wēndí
温迪
，
stock price
gǔjià
股价
to rise / to go up
shàngzhǎng
上涨
13 percent
13%
13%
。

emerging market debt crisis intensifiesxīnyuàn shìchǎng guójiā zhàiwù wēijī jiānjù新兴市场国家债务危机加剧。

New Words

News in English

Emerging Markets Face Debt Crisis

More in Business

Chinazhōngguó中国planjìhuà计划20262026 nián2026年artificial intelligenceAIAIchipxīnpiàn芯片production capacitychǎnéng产能triplefān sānbèi翻三倍。

Chinazhōngguó中国artificial intelligenceAIAIchipxīnpiàn芯片manufacturerszhìzàoshāng制造商revenueyíngshōu营收significantlydàfú大幅growzēngzhǎng增长。

United States / AmericanMěiguó美国July7 yuè7月Consumer Price Index (CPI)CPICPIonly / merelyjǐn仅to rise / to go upshēng升0.1 percent0.1%0.1%，interest rate hikejiā xī加息worry / concerndānyōu担忧to ease / to alleviatehuǎnjiě缓解。

Trian Fund Management (investment firm)Tèlǐān Jījīn特里安基金to plan / planjìhuà计划to acquire / takeovershōugòu收购Wendys (fast-food chain)Wēndí温迪，stock pricegǔjià股价to rise / to go upshàngzhǎng上涨13 percent13%13%。

emerging market debt crisis intensifies
xīnyuàn shìchǎng guójiā zhàiwù wēijī jiānjù
新兴市场国家债务危机加剧
。

China
zhōngguó
中国
plan
jìhuà
计划
2026
2026 nián
2026年
artificial intelligence
AI
AI
chip
xīnpiàn
芯片
production capacity
chǎnéng
产能
triple
fān sānbèi
翻三倍
。

China
zhōngguó
中国
artificial intelligence
AI
AI
chip
xīnpiàn
芯片
manufacturers
zhìzàoshāng
制造商
revenue
yíngshōu
营收
significantly
dàfú
大幅
grow
zēngzhǎng
增长
。

United States / American
Měiguó
美国
July
7 yuè
7月
Consumer Price Index (CPI)
CPI
CPI
only / merely
jǐn
仅
to rise / to go up
shēng
升
0.1 percent
0.1%
0.1%
，
interest rate hike
jiā xī
加息
worry / concern
dānyōu
担忧
to ease / to alleviate
huǎnjiě
缓解
。

Trian Fund Management (investment firm)
Tèlǐān Jījīn
特里安基金
to plan / plan
jìhuà
计划
to acquire / takeover
shōugòu
收购
Wendys (fast-food chain)
Wēndí
温迪
，
stock price
gǔjià
股价
to rise / to go up
shàngzhǎng
上涨
13 percent
13%
13%
。