COLOMBO: Work on a landmark Chinese-backed waterfront development in Colombo could resume after next Monday’s general election in Sri Lanka, even if Beijing’s preferred candidate for prime minister, ex-President Mahinda Rajapaksa, is defeated.
Eight months after losing power, the 69-year-old strongman is mounting a comeback bid. But his campaign – dogged by allegations of corruption and abuse of power that he denies – is flagging.
Although avowedly pro-Western in his outlook, Prime Minister Ranil Wickremesinghe is not about to slam the door on China. Beijing has already pumped billions of dollars into Sri Lanka to build a staging post on its “Maritime Silk Route” to the oil-rich Middle East and on to Europe, its largest export market.
Nageswara Rao S (Hyderabad)
Ultimately money and military power pays
Puneet Sharma (Unknown)
Rajiv Agrawal (Unknown)
money power always speaks…!
this is the price India is paying due to Italian Lady and MMS.
raj rao (Bangalore)
India can build it’s clout across the world, only through investments either private sector or public sector. If we want to Keep china out, we have to force Adani, Ambani, TATA, Mahindras to invest in Srilanka. Even in Australia, Adani’s bid to build one of the biggest mines has not got enough Government of India’s support, China may take over that too..
Its funny that neither Srilankans nor Chinese seem to care all that coastal infrastructure that they are building will be underwater before 2050 due to global warming. Srilanka is doomed to be destroyed in a massive wave of Tsunami. It has already experienced a preview of what it’ll look like. Chinese are foolish enough to drain their money.
Gagan Nayak (Unknown)
Chinese entry to Sri Lanka is a bad news for India but it was due to poor international strategy by earlier government. Current government is doing its best to counter Chinese entry in neighbouring state but it will take some time to balance it.