Sri Lanka Says Will Work With China On Developing Colombo, Hambantota Ports As Part Of Belt and Road Project

News Snapshot:

China has said it would continue to support Sri Lanka, as the crisis-hit island nation’s prime minister on Saturday wrapped up a visit to Beijing to try to finalise a debt restructuring deal. Prime Minister Dinesh Gunawardena arrived in China on Monday for a visit that included meeting President Xi Jinping and an appearance at the Boao Forum, a high-profile international meeting. Sri Lanka’s years-long economic crisis was high on the agenda during Gunawardena’s trip, with China accounting for around 10 percent of the South Asian country’s total foreign debt. China is willing to “continue supporting its financial institutions to...