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3Novices:Does China harbour strategic ambitions for Sri Lankan port?

Sri Lanka says it’s a way for it to help claw its way out of debt. China says it’s a strictly commercial deal for one of its state firms.
But analysts say the Hambantota port on the southern tip of Sri Lanka is part of Beijing’s bigger push to challenge US naval dominance in the Indian Ocean and New Delhi’s influence in the region.
Last month state-owned China Merchants Port paid US$1.12 billion to the Sri Lankan government for a 70 per cent stake in the facility.
The…
August 14, 2017 at 06:33AM http://ift.tt/2uE67hA
#3Novices #News #OnlineMedia #China 3Novices China

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