Moreover, the current government once again announced a new big project that China is ready to start in Hambantota. The news is that a massive oil refinery aimed at export will be built in Hambantota with Chinese investment. This massive Chinese project is currently undergoing preliminary wo
China's external lending and even private corporation's activities abroad are dictated by political considerations. Its foreign investment has become a tool for buying geopolitical influence with a detrimental impact on the targeted country's fragile democratic machinery as well as the local
Colombo [Sri Lanka], March 22 (ANI): Sri Lanka is battling one of its worst economic crises in over seven decades, as successive governments in the island nation have ignored sovereign bonds to Sri Lanka, with China being a major lender.