Indebted Sri Lanka Extends A Begging Bowl To China

Sri Lanka’s turn to China amid the island nation’s worst economic crisis in decades risks surrendering more long-term sovereignty in exchange for a short-term financial lifeline. Colombo’s slip into what many critics have characteriSed as a China “debt trap” could see Beijing deepen its strategic footprint in the Indian Ocean, significantly at a time the […]

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Sri Lanka’s Simmering Twin Crises

Growing tension with India and the West has further pushed Sri Lanka into China’s embrace. Gotabaya Rajapaksa’s government increasingly sees a friend in China who can bring much needed foreign exchange to Colombo. Since the pandemic struck in 2020, Beijing has provided crucial and timely economic and health aid support. China provided over US $2 billion […]

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