Every nation, in every region of the world, has to take a decision: either you are with us, or you are with the terrorists.”– ...

In Sri Lanka, China's Building Spree Is Raising Questions About Sovereignty A Chinese state-owned operator took control of a port on a 99-year lease after Sri Lanka defaulted on its loans.

Sri Lanka’s total public and publicly guaranteed debt was $35.8 billion at the end of 2021. Of that amount, lending by China accounted for $7.1 billion, or 20%, compared with less than 1% in ...

China’s friendly relationship with Sri Lanka began in earnest after the election of Sri Lankan President Mahinda Rajapaksa in 2005. Colombo had spent over two decades fighting a costly war against the ...

Sri Lanka's economic outlook remains positive, but global trade policy uncertainties pose significant risks to macroeconomic ...

China accounts for about 10% of Sri Lanka’s $51 billion foreign debt. The island nation of 22 million people ran out of foreign currency last year.

China, the world's second-largest economy, could give an economic helping hand by buying more Sri Lankan goods, of which it mostly buys tea, clothing, chemicals and other commodities, according to ...

China’s Foreign Ministry had previously talked up the visit as a way of establishing the foundation for China-Sri Lanka relations under new President Maithripala Sirisena.

In 2020, Sri Lanka received a $3 billion loan from China to help pay off existing debts. In January, the president once again appealed to China for help restructuring its debts to Chinese entities.

China is turning Sri Lanka into a modern day “semi-colony,” the same way Great Britain and Portugal turned south China into their own semi-colonies back in the mid of 19 th century. Sri Lanka ...

China had a stake in Sri Lanka’s main port as well: China Harbor was building a new terminal there, known at the time as Colombo Port City. Along with that deal came roughly 50 acres, ...