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Sri Lankan Tower, Taller Than 1,000 Feet, Displays Beijing's Control
A huge green and purple communications tower in Sri Lanka financed with Chinese debt that has become a symbol of the ousted Rajapaksa clan's closeness to Beijing will finally open this week.
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Pakistan Following Sri Lanka's Path Into Chinese Debt Trap: Report
Pakistan's already fragile economy suffered another setback when recently China demanded repayment, by November 2023, of USD 55.6 million for the Lahore Orange Line Project, reported Italian publication Osservatorio Globalizzazione.
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No New Chinese Investment, India Helped To Maximum: Lanka Ex PM
Former Prime minister of Sri Lanka Ranil Wickremesinghe on Sunday accused the incumbent government of plunging the country into a deep economic and political crisis with its "incompetence in dealing with the financial challenges".
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Chinese 'Debt Trap' Adds To Sri Lanka, Pakistan Crises: Foreign Policy Expert
More than 40 countries have sorely felt the impact of the Chinese benevolence that seems ready to pull their people out of poverty, but instead lands them into debts that multiply and become difficult to be serviced, leave alone repaid, he said.
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China Turns Its Back On Sri Lanka Amid Massive Economic Crisis: Report
China refused to assist Sri Lanka which appealed to reschedule its huge Chinese debt burden in the face of the Covid-19 outbreak that has adversely affected the tourism sector, said a media report.
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'Third Country' Should Not Interfere In China-Sri Lanka Ties: Beijing
Chinese Foreign Minister Wang Yi, who held talks with Sri Lanka's top leadership, said no "third country" should "interfere" in their close ties, in an apparent reference to India's concerns over Beijing's strategic projects in the island nation.
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Sri Lanka Seeks Chinese Debt Reschedule For Crashing Economy
Cash-strapped Sri Lanka sought to reschedule its huge Chinese debt burden in Sunday talks with visiting foreign minister Wang Yi, the president's office said.
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Sri Lanka To Borrow $1 Billion From China For Highway Project
Sri Lanka, which last year handed over a strategic port to a Chinese firm for a 99-year lease as a debt swap, will soon sign a USD 1 billion concessional loan agreement with Beijing to fund a major highway project linking Colombo to the hill resort of Kandy.
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China Extends Influence, Aims To Build Houses And Roads In Sri Lanka
China wants to build houses and roads in Sri Lanka's north, much of which is in a state of disrepair nearly a decade after the end of civil war, Chinese and Sri Lankan officials said, in a bid to expand it influence beyond the island's south.
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Sri Lanka Secures $1 Billion Loan From China, Amid Mounting Debt
Sri Lanka's central bank on Friday announced it had secured a $1 billion Chinese loan as the island, a key link in Beijing's ambitious Belt and Road initiative, develops closer relations with Asia's largest economy.
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US Official Praises PM Modi Remarks, Seen As Criticising Chinese Loans
US Defence Secretary James Mattis has praised Prime Minister Narendra Modi for speaking about massive debts, saying he made a really good point about the dangers of accepting loans that are "too good to be true".
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US Concerned Over Debt Burdens On Sri Lanka From Chinese Loans
The US has expressed concern over the "unsustainable debt-burden" on Sri Lanka due to non-concessional loans from China.
-
Sri Lankan Tower, Taller Than 1,000 Feet, Displays Beijing's Control
A huge green and purple communications tower in Sri Lanka financed with Chinese debt that has become a symbol of the ousted Rajapaksa clan's closeness to Beijing will finally open this week.
-
Pakistan Following Sri Lanka's Path Into Chinese Debt Trap: Report
Pakistan's already fragile economy suffered another setback when recently China demanded repayment, by November 2023, of USD 55.6 million for the Lahore Orange Line Project, reported Italian publication Osservatorio Globalizzazione.
-
No New Chinese Investment, India Helped To Maximum: Lanka Ex PM
Former Prime minister of Sri Lanka Ranil Wickremesinghe on Sunday accused the incumbent government of plunging the country into a deep economic and political crisis with its "incompetence in dealing with the financial challenges".
-
Chinese 'Debt Trap' Adds To Sri Lanka, Pakistan Crises: Foreign Policy Expert
More than 40 countries have sorely felt the impact of the Chinese benevolence that seems ready to pull their people out of poverty, but instead lands them into debts that multiply and become difficult to be serviced, leave alone repaid, he said.
-
China Turns Its Back On Sri Lanka Amid Massive Economic Crisis: Report
China refused to assist Sri Lanka which appealed to reschedule its huge Chinese debt burden in the face of the Covid-19 outbreak that has adversely affected the tourism sector, said a media report.
-
'Third Country' Should Not Interfere In China-Sri Lanka Ties: Beijing
Chinese Foreign Minister Wang Yi, who held talks with Sri Lanka's top leadership, said no "third country" should "interfere" in their close ties, in an apparent reference to India's concerns over Beijing's strategic projects in the island nation.
-
Sri Lanka Seeks Chinese Debt Reschedule For Crashing Economy
Cash-strapped Sri Lanka sought to reschedule its huge Chinese debt burden in Sunday talks with visiting foreign minister Wang Yi, the president's office said.
-
Sri Lanka To Borrow $1 Billion From China For Highway Project
Sri Lanka, which last year handed over a strategic port to a Chinese firm for a 99-year lease as a debt swap, will soon sign a USD 1 billion concessional loan agreement with Beijing to fund a major highway project linking Colombo to the hill resort of Kandy.
-
China Extends Influence, Aims To Build Houses And Roads In Sri Lanka
China wants to build houses and roads in Sri Lanka's north, much of which is in a state of disrepair nearly a decade after the end of civil war, Chinese and Sri Lankan officials said, in a bid to expand it influence beyond the island's south.
-
Sri Lanka Secures $1 Billion Loan From China, Amid Mounting Debt
Sri Lanka's central bank on Friday announced it had secured a $1 billion Chinese loan as the island, a key link in Beijing's ambitious Belt and Road initiative, develops closer relations with Asia's largest economy.
-
US Official Praises PM Modi Remarks, Seen As Criticising Chinese Loans
US Defence Secretary James Mattis has praised Prime Minister Narendra Modi for speaking about massive debts, saying he made a really good point about the dangers of accepting loans that are "too good to be true".
-
US Concerned Over Debt Burdens On Sri Lanka From Chinese Loans
The US has expressed concern over the "unsustainable debt-burden" on Sri Lanka due to non-concessional loans from China.
