President Gotabaya Rajapaksa of debt-ridden Sri Lanka asked China on Sunday for the restructuring of its loans and access to preferential credit for imports of essential goods. The island nation struggles its worst economic crisis, partly due to Beijing-financed projects that don’t generate revenue. It owes China almost $4 billion.
China’s Interest in a Sri Lankan Port: Explained
By Juliet Song
China in Focus Weekly Newsletter
Find out what's really going on in China
Success! You are now subscribed.
By registering for the newsletter, you agree to the Privacy Policy.