How China Got Sri Lanka to Cough Up a Port
01 July 2018
Sri Lanka's ill-conceived Hambantota Port Development Project, part of China's Belt and Road Initiative, was a predictable failure, leaving the Sri Lankan government with massive debt.
The Sri Lankan government thus had no alternative but to handing over the port for 99 years to China Harbor Engineering Company, one of Beijing’s largest state-owned enterprises.
The transfer gave China control of territory just a few hundred miles off the shores of a rival, India, and a strategic foothold along a critical commercial and military waterway.
Read the full story in the New York Times. See link below: