China seems to be gearing up to further ensnare Sri Lanka in its debt trap. This became evident when Sri Lankan President Anura Kumara Dissanayake undertook a four-day visit to China in mid-January ...

China has also pledged to intervene against any actions that harm Sri Lanka’s sovereignty and territorial integrity. Additionally, both sides have agreed to implement joint defence training programmes ...

But often these projects turn out to be debt traps for host countries which are then forced to give control of the asset to China. Sri Lanka has already experienced such a debt trap with Chinese ...

During President Dissanayake's visit to China, the Chinese side expressed their expectation for Sri Lanka to expedite the implementation of preferential policies for the SINOPEC refinery project ...

"This is one of the largest foreign investment projects Sri Lanka ... A Sinopec representative in China did not respond immediately to a request for comment and its Sri Lanka office did not ...

The port project is one of the signature projects of Belt and Road cooperation between China and Sri Lanka. Last year, the Hambantota International Port achieved a growth rate of 22 percent in ...

We are very pleased to see that the friendship between Sri Lanka and China has become stronger over time, the partnership has ...

Xiong Hongfeng, a manager at China Harbour Engineering Co, said that the project, once completed, is expected to attract ...

Sri Lanka’s decision to sign media agreements with China has raised concerns among media workers that it could further ...

Sri Lanka borrowed heavily from China over the past decade for projects including a shipping port, airport and a city being built on reclaimed land. The projects failed to earn enough revenue to ...

Adani Green Energy Ltd. has withdrawn from building two wind power projects in Sri Lanka after the new government sought ...

Between 2000 and 2020 alone, China extended close to $12 billion in loans to Sri Lanka, funding major infrastructure projects. The interest rates on these loans were significantly higher compared ...