Colombo [Sri Lanka], September 13 (ANI): Sri Lanka has reached an agreement with the International Monetary Funds (IMF) regarding debt restructuring which will start only after all Sri Lankan creditors agree to restructure their existing loans to the island nation. On the other hand, while C
Colombo [Sri Lanka], September 13 (ANI): A United States diplomat asked China to cooperate with Sri Lanka's debt restructuring and advised the island nation to be responsible for future borrowings while agreeing to participate in the re-structuring of Sri Lanka's debt.
Brussels [Belgium], September 10 (ANI): The debt trap policy of China has affected the Sri Lankan economy as Colombo was declared bankrupt due to Beijing's Belt and Road Initiative projects in the south Asian country, according to experts.
Colombo [Sri Lanka], August 29 (ANI): After the Sri Lankan government rejected an order of organic fertilizer from a Chinese company on the issue of the presence of harmful bacteria, Beijing is pressuring Colombo to continue with its organic fertilizer project.
Beijing [China], August 29 (ANI): Chinese investment under Belt and Road Initiative (BRI) across the world is causing alarm among the beneficiaries, as China's debt-diplomacy only reaps profits to Beijing while countries are pushed towards an economic crisis.
Colombo [Sri Lanka], August 27 (ANI): Even as Sri Lankan President Ranil Wickremesinghe has requested China to restructure its debt amid a severe economic crisis and shrinking foreign reserves, Beijing has chosen to maintain a deafening silence which reveals how disinterested the country is
Beijing [China], August 24 (ANI): China's unswerving manoeuvre to dock the Yuan Wang 5, missile and satellite tracking ship at Hambantota port in Sri Lanka despite the country's request to defer the visit of the ship amid security concerns raised by India and the United States might seem lik
Beijing [China], August 17 (ANI): China on Tuesday said that the docking of its Yuan Wang 5 ship at Hambantota port in Sri Lanka does not affect any country and termed at as normal exchanges between the two countries.
Beijing [China], August 11 (ANI): China's belt and road initiative, which was launched in 2013 with an audacious plan to harness the juggernaut of the Chinese economy to the goal of Asian economic development, is on the verge of crisis as BRI has become a burden for Beijing rather than a ben
Colombo [Sri Lanka], August 9 (ANI): In response to the Sri Lankan government's move to suspend the visit of a Chinese ship to Hambantota port, Chinese social media platform TikTok has barred a promotional campaign by the Sri Lankan embassy on Douyin - the TikTok application for China - medi
Colombo [Sri Lanka], July 27 (ANI): China is seeking to increase its influence in the Indo-Pacific region by bolstering its investments in debt-ridden Sri Lanka along with aligning with "corrupt" politicians of the island nation, media reports said.