China Could Spoil Sri Lanka’s Chance To Become A Breakout Nation Again

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Many in Sri Lanka are voicing dissent – questioning the wisdom of handing over "national assets" of the island nation to China and India in the guise of regional economic development. There has been stinging opposition to the China-sponsored construction of the Hambantota port and development projects involving an investment of $1.5 billion.

Why Is India Worried About China Consolidating In Sri Lanka? by Swaran Singh. On Saturday, sri lanka finally signed a $1.1 billion deal selling China 70 per cent stake in its strategic Hambantota Port.

Hagel then publicly reminded china that America’s mutual defense treaty with Japan applies to the disputed Senkaku islands. Washington’s cheeky response was to fly B-52 bombers through the ADIZ.

During the war, Sri Lanka grew half as fast as South Korea and Taiwan and became another country in the long line of emerging-market disappointments. Today, it seems that Sri Lanka’s time has come. The civil war is over, the process of healing is under way, and there is every chance that Sri Lanka will become a breakout nation.

Why China is worried by the regime change in Sri Lanka China’s concerns would include recouping its close relations with Sri Lanka under President Sirisena lest it loses its strategic gains made.

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Another pitch suffering from a chronic lack of pace contributed to a thrilling match as Afghanistan, who pushed Sri Lanka and India close, threatened once again to secure a maiden World Cup win.

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Sri Lanka’s ‘new Hong Kong’ project risky for all sides. Official estimates of total direct investment are US$1.4 billion, which is expected to spur a further US$13 billion in secondary investment. The port city is a joint project between China Communications Construction (CCC) and sri lanka port authority.

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