Hirunews Logo
HiruNews
HiruNews
HiruNews
China+cough+up+Hambantota+Port+through+loans+says+New+York+Times
Wednesday, 27 June 2018 - 9:04
China cough up Hambantota Port through loans says New York Times
12

Shares
1,521

Views
The New York Times in an article says China has managed to take over the Hambantota Port operations using its financial assistance as a tool.
 
It said although feasibility studies said the port wouldn’t work and though other frequent lenders like India had refused, China came forward to assist the port construction, knowing it would put Sri Lanka in a debt trap.
 
The article also revealed that the Chinese firms funded Sri Lanka election campaigns.
 
It added that the Chinese authorities have realized the strategic importance of the Hambantota Port and they coughed it up through loans.  


New York Times article:
Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE
You may also like :
HiruNews
Thursday, 16 August 2018 - 16:24
Mangroves play a critical role in maintaining the ecological balance in Sri Lanka's coastal areas.However, some money-hungry people do not understand this.Our... Read More
HiruNews
News Image
Hiru News Programme Segments
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
116 Views
HiruNews
HiruNews
HiruNews
1,255 Views
HiruNews
HiruNews
HiruNews
6,773 Views
HiruNews
HiruNews
HiruNews
17,032 Views
HiruNews
HiruNews
HiruNews
104 Views
HiruNews
HiruNews
HiruNews
45,445 Views
Top