• Thursday, January 27, 2022
India Corona Update 
Total Fatalities 251,323
Total Cases 23,126,534
Today's Fatalities 3,879
Today's Cases 329,517
India corona update 
Total Fatalities 251,323
Total Cases 23,126,534
Today's Fatalities 3,879
Today's Cases 329,517

Headline news

Beijing against ‘third country interfere in China-Sri Lanka ties’

Chinese foreign minister Wang Yi (L) with Sri Lanka’s prime minister Malinda Rajapaksa ahead of a meeting in Colombo on January 9, 2022. (Photo by ISHARA S. KODIKARA/AFP via Getty Images)

By: Chandrashekar Bhat

CHINESE foreign minister Wang Yi said no “third country” should “interfere” in Sino-Sri Lankan ties.

His statement is an apparent reference to India’s concerns over Beijing’s big-ticket strategic projects in Sri Lanka.

Wang, who travelled to Colombo from the Maldives on a two-day visit during the weekend, said the friendly relationship between China and Sri Lanka serves the fundamental interest of both peoples, state-run Xinhua news agency reported.

“It does not target any third party and should not be interfered with by any third party,” Xinhua quoted Wang as saying, in a thinly veiled reference to India.

China is seeking to deepen its ties with Sri Lanka, making billions of dollars of investments in ports and other infrastructure projects amid criticism that they are debt traps.

China’s takeover of the Hambantota port on a 99-year lease for $1.2 billion (£880 million) debt swap drew international concerns over Beijing acquiring strategic assets far away from home.

The Hambantota port together with Colombo port city project where China is building a new city with reclaimed land in the sea was viewed with concern, especially in India as Beijing seeks to increase its presence in the Indian Ocean.

There have been global concerns over debt traps and regional hegemony by China using its Belt and Road (BRI) infrastructure projects.

China is doling out huge sums of money for infrastructure projects in countries from Asia to Africa and Europe.

The US’ previous Donald Trump administration had been critical of the BRI and was of the view that China’s “predatory financing” is leaving smaller counties under huge debt, endangering their sovereignty.

Last month, China suspended a project to install hybrid energy plants in three islands of Sri Lanka’s north, citing “security concern” from a “third party”, amid reports of Indian concern over its location which is not far from its coast.

Wang, during his talks with Sri Lankan foreign minister G L Peiris, proposed to establish a forum for the development of Indian Ocean island countries, which observers say is an attempt by Beijing to expand its influence in the region.

“During my visit to several Indian Ocean island countries this time, I feel that all island countries share similar experiences and common needs, with… full potential for strengthening mutually beneficial cooperation,” a press release by the Chinese foreign ministry quoted Wang as saying.

“China proposes that a forum on the development of Indian Ocean island countries should be held at an appropriate time to build consensus and synergy and promote common development,” he said, adding that Sri Lanka can play an important role in it.

During his visit to the Maldives, he held talks with top leaders of the island nation to deepen its ties with China.

Six island nations are located in the Indian Ocean – Comoros, Madagascar, the Maldives, Mauritius, Seychelles and Sri Lanka.

In a tweet, the Chinese embassy in Colombo described Sri Lanka as the “real Pearl” of the Indian Ocean.

In his meeting with Sri Lankan prime minister Mahinda Rajapaksa, Wang praised the island nation’s leader as “an old friend to the Chinese people”.

Sri Lankan president Gotabaya Rajapaksa, in his meeting with Wang, raised Sri Lanka’s deepening forex crisis and spiralling external debt and sought Beijing’s assistance.

President Rajapaksa pointed out that it would be a relief to Sri Lanka if attention could be paid to restructuring the debt repayments as a solution to the economic crisis that has arisen in the face of the Covid-19 pandemic, according to a statement issued by the president’s office.

It is estimated that Sri Lanka owes debt payments to China in the region of $1.5 (£11 bn) to 2 bn (£1.47 bn) this year.

(PTI)

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