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In Sri Lanka, the new Chinese Silk Road is a disappointment
In Sri Lanka, the new Chinese Silk Road is a disappointment

The concession was humiliating for Sri Lanka, while "the opponents of China, like India, painted the entire operation as a deliberate plan to acquire strategic positions in the region," Dufour said. China was suspected of intentionally strangling Colombo with loans at a 6 percent interest rate, which was much higher than the other lenders - such as the World Bank –…

AFP - Mar 25 13:14 GMT - more ... [ Tags: Colombo, World, China ]

Sri Lanka signs $1-bln loan with China to build highway

Sri Lanka signed a $989-million loan with China’s Exim Bank on Friday to build a highway linking the centre of the Indian Ocean island to a Chinese-built seaport in the south, the Sri Lankan finance ministry said. As part of its String of Pearls strategy to build a network of friendly ports across Asia, China has swept into Sri Lanka to build ports, power plants…

Reuters - Mar 22 17:40 GMT - more ... [ Tags: World, Economy, China ]

Gary Anandasangaree
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