Sri Lanka is recovering from an economic collapse partly attributed to high-debt Chinese mega-projects linked to the Belt and Road Initiative, a key part of Xi's strategy to expand China's influence abroad.
Sri Lanka is recovering from an economic collapse partly attributed to high-debt Chinese mega-projects linked to the Belt and Road Initiative, a key part of Xi's strategy to expand China 's influence abroad.Chinese President Xi Jinping said he hoped to broaden cooperation with Sri Lanka under his Belt and Road infrastructure initiative as he congratulated the island nation's new leader Anura Kumara Dissanayaka.
"I attach great importance to the development of China-Sri Lanka relations and am willing to work with Mr. President to continue our traditional friendship enhance mutual political trust," Xi said in a message to Dissanayaka, according to state broadcaster CCTV.
But a chorus of leaders -- as well as research by leading global think tanks like London's Chatham House -- have refuted the"debt trap" theory. And the country de faulted on its foreign borrowings in 2022 during a crisis that caused months of food, fuel and medicine shortages.
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