Beyond Debt: China-Sri Lanka Economic Relations in a New Era

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Beyond Debt: China-Sri Lanka Economic Relations in a New Era - The Diplomat

Quick Summary:

How will Colombo's economic relations with Beijing proceed in the post-default era?

With Sri Lanka coming out of default, Dissanayake’s visit to Beijing will be a good platform to announce the resumption of the Central Expressway project, and a potential reset of Sri Lanka’s relations with Chinese financiers and other Chinese state-owned enterprises (SOEs).

Dissanayake’s visit to China is also notable given the role of Chinese creditors within Sri Lanka’s sovereign borrowing, which has raised controversy, most notably over (debunked) claims of debt-traps related to Chinese-built port infrastructure in Hambantota.