Here is the latest Chinoiserie from Beijing in Sri Lanka

The article by Giuseppe Gagliano

As indicated in a previous article , Sri Lanka is one of the most important strategic outposts for China in the context of the Indo-Pacific.

In particular in the capital, namely in Colombo, the presence of a government close to Chinese politics has favored – and favors – significant Chinese investments. Just in October, China had invested 90 million dollars in order to finance both education and the water infrastructure essential for the country's rural areas.

But of course China's attention is focused above all on the key role of Sri Lanka's port infrastructure, as evidenced by the fact that in 2017 it had managed to manage almost 70% of the port of Hambantota .

Well the fact that the Sri Lankan parliament approved by majority the law that provides that the port infrastructure of Colombo can become an economic zone to attract foreign investments and that this is managed by China – and in particular by the China Communications Construction Company which invested $ 1.5 billion in the project by obtaining the right to use 62 hectares of land that can be used commercially for 99 years from the Sri Lankan government – demonstrates not only the effectiveness of the debt trap but how the project is new silk is proceeding with some speed despite the American containment policy.

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This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/smartcity/cina-sri-lanka/ on Fri, 21 May 2021 15:18:21 +0000.