SRI LANKA
As Nepal is set to welcome a China-leaning Prime Minister in KP Oli, China announced that it will invest $1 billion in the construction of three 60-storey buildings near Sri Lanka’s main port, Sri Lanka said on Tuesday. This move is seen by experts as something which Beijing is long aiming to accomplish ~ dominance in the Indian ocean region.
As Nepal is set to welcome a China-leaning Prime Minister in KP Oli, China announced that it will invest $1 billion in the construction of three 60-storey buildings near Sri Lanka’s main port, Sri Lanka said on Tuesday. This move is seen by experts as something which Beijing is long aiming to accomplish ~ dominance in the Indian ocean region.
Late last year, Sri Lanka gifted China with a 99-year-lease of the much spoken about Hambantota airport. India has strong doubts about the real intentions Beijing eyes over managing the airport. The port-deal follows an earlier Chinese investment of $1.4 billion to carry out reclamation work for a city development around Colombothe wider Colombo.......Read(more)
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