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Sri Lanka\'s Debt and China’s Money
Sri Lanka's Debt and China’s Money

The former Sri Lankan regime led by then-President Mahinda Rajapaksa is in part responsible for China’s growing ownership of Sri Lankan debt. Rajapaksa was not a popular leader amongst Western countries, but was a close ally of China, and was not hesitant to borrow from Beijing and invest in infrastructure projects. As the saying goes, “When money comes your way,…

Diplomat - Aug 16 17:13 GMT - more ... [ Tags: India, SriLanka, China ]

Does China harbour strategic ambitions for Sri Lankan port?
Does China harbour strategic ambitions for Sri Lankan port?

Sri Lanka says it’s a way for it to help claw its way out of debt. China says it’s a strictly commercial deal for one of its state firms. But analysts say the Hambantota port on the southern tip of Sri Lanka is part of Beijing’s bigger push to challenge US naval dominance in the Indian Ocean and New Delhi’s influence in the region. “We told China that we…

SCMP - Aug 14 15:16 GMT - more ... [ Tags: India, SriLanka, China ]

Gary Anandasangaree
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