After Japan’s unfinished airport project, Sri Lanka wants China to take over. Should China agree?
Sri Lanka, struggling from a debt crisis and bankruptcy, approached China for assistance after an airport construction project by Japan was stalled. Being an important location due to its strategic position in the Indian Ocean, Sri Lanka has been an area of interest for several powers, including China, India, and Japan. China has previously helped the country with the Colombo Port City project and has a stake in the Hambantota Port. With Sri Lanka’s current financial instability, taking over the airport project might involve risks. Sri Lanka’s past inclinations towards Indian interests pose further questions about China’s next course of action.
#DebtCrisis#EconomicAssistance#InfrastructureDevelopment
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