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looking beyond borders

foreign policy and global economy

A Chinese Flag Flies Over Sri Lanka As China Extends Its Reach Into India’s Backyard

On the first day of the New Year, the Chinese and Sri Lankan flags were hoisted to the same height over the Hambantota port in the Indian Ocean nation.  It was the first time the Chinese flag had risen over the loss-making facility which Sri Lanka formally handed over to a Chinese state firm in a US$1.12 billion deal. The port deal is just one of a series of infrastructure forays China has made into Sri Lanka in a region usually regarded as India’s backyard.

Read Here – South China Morning Post

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