New UK foreign secretary’s promotion of China-backed development in Sri Lanka has increased concern he could be a pawn for Xi Jinping
When Chinese president Xi Jinping cut the ribbon on Sri Lanka’s Port City Colombo construction site in September 2014, it was promoted as a future major hub in China’s global infrastructure project, the belt and road initiative.
With a financial centre, beach-front villas and an international yacht marina, the city is aiming to be a rival to Dubai and Singapore. China has already invested $1.4bn in the development, which is due to be completed by 2041.
About Author
More Stories
Nigeria sues crypto giant Binance for $81.5bn in economic losses and back tax
‘I felt nothing but disgust’: Tesla owners vent their anger at Elon Musk
Chinese fishing fleets using North Korean forced labour in potential breach of sanctions, report claims