Sri Lanka: Who wins, Who loses; India or China?
French media “Le Monde” reported on July 21 that the Rajapaksa clan in power in Colombo city had been associated with the spectacular growth of Beijing’s investments before Sri Lanka’s President Gotabaya Rajapaksa fled the country. Rajapaksa resigned on Friday, July 15, following months of sustained protests. India had lost ...
Chinese media is confident that Beijing will recover debts from Sri Lanka
Sri Lanka declared bankruptcy on July 5. The country once called the “Pearl of the Indian Ocean” is facing inflation exceeding 50%, foreign exchange reserves are dwindling, and people are lacking food, electricity, and fuel. This country of 22 million people is saddled with a debt of $51 billion. Among them, ...
Sri Lanka stuck in its debt trap but still thirsty for China’s poison
After getting close to China, then being stuck in China’s debt trap, Sri Lanka is still thirsty for the Chinese regime’s sweet poison. On July 15, Bloomberg reported that Sri Lankan Acting President Ranil Wickremesinghe is seeking for the International Monetary Fund to provide financial support. Sri Lanka’s federal government owes global ...
Sri Lanka: Fatal victim of the CCP’s ‘Belt and Road’
Sri Lanka has been plunged into a deep economic and political crisis for some time now and reached its deepest point last Saturday, July 9, when President Gotabaya Rajapaksa fled his official residence in Colombo, the capital of the country, moments before thousands of protestors violently entered the presidential house in ...
China’s debt-trapped victims: More countries likely to end up as Sri Lanka
AP News reported on July 7 that apart from Sri Lanka being the only country that has recently declared bankruptcy, there are still other economies which are in dire distress or at their greatest peril. Those countries are Afghanistan, Argentina, Pakistan, Egypt, Laos, Myanmar, Turkey, Zimbabwe, and Lebanon. All of them are ...
India helps Sri Lanka in fighting debt and replaces Beijing’s influence
Sri Lanka, an indebted country, is on the brink of economic collapse. While Beijing remains reluctant to Sri Lanka's loan request help, India provided its help on time. According to Voice of America (VOA), India is taking the chance to regain its South Asia influence. Since January, it has committed about ...
Beijing remains reluctant to Sri Lanka’s loan request help
As Taiwan Newtalk said on June 6, Sri Lanka is currently in a serious economic crisis; President Gotabaya Rajapaksa wants China to help with the debt burden. Speaking at a press conference on June 8, the Chinese Foreign Ministry made remarks regarding Sri Lanka's request. Foreign Ministry Spokesperson Zhao Lijian said ...
