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Sri Lanka\'s \'new Dubai\': will Chinese-built city suck the life out of Colombo?
Sri Lanka\'s \'new Dubai\': will Chinese-built city suck the life out of Colombo?
Sri Lanka's 'new Dubai': will Chinese-built city suck the life out of Colombo?

Iron cannons installed by the Dutch to ward off colonial rivals still line Galle Face Green, a grassy, mile-long promenade along the Colombo seafront. Further out to sea, within range of the guns, a new world power is leaving its mark on Sri Lanka’s capital. Currently, Port City is just a flat expanse of blank land jutting out into the ocean, growing a fraction…

The Guardian - Aug 03 15:43 GMT - more ... [ Tags: Economy, China ]

Sri Lanka secures US$1 billion Chinese loan
Sri Lanka secures US$1 billion Chinese loan
Sri Lanka secures US$1 billion Chinese loan

Sri Lanka's central bank on Friday (Aug 3) announced it had secured a US$1 billion Chinese loan as the island, a key link in Beijing's ambitious Belt and Road initiative, develops closer relations with Asia's largest economy. Central bank Governor Indrajit Coomaraswamy said that first half of the loan will be released later this month and the balance will be…

AFP - Aug 03 15:42 GMT - more ... [ Tags: India, Economy, China ]

Gary Anandasangaree
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