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.............Now Maithripala Sirisena's government, faced with falling foreign reserves, a balance of payments crunch and few, if any, alternative investors, is heading back into Beijing's embrace, albeit on better terms than before.
"The stance on China has completely changed," cabinet spokesman Rajitha Senaratne told Reuters. "Who else is going to bring us money, given tight conditions in the West?"
Most of the focus has been on the $1.4 billion port city China wants to build in the commercial capital, Colombo, where cranes and diggers have sat idle for months.
But according to International Trade Minister Malik Samarawickrama, Chinese investors have also expressed interest in a special economic zone (SEZ) in Hambantota, southern Sri Lanka, where a $1.7 billion seaport and airport built by the Chinese are operating at a fraction of capacity.
http://www.nytimes.com/reuters/2016/02/10/world/asia/10reuters-sri-lanka-china.html?_r=0
"The stance on China has completely changed," cabinet spokesman Rajitha Senaratne told Reuters. "Who else is going to bring us money, given tight conditions in the West?"
Most of the focus has been on the $1.4 billion port city China wants to build in the commercial capital, Colombo, where cranes and diggers have sat idle for months.
But according to International Trade Minister Malik Samarawickrama, Chinese investors have also expressed interest in a special economic zone (SEZ) in Hambantota, southern Sri Lanka, where a $1.7 billion seaport and airport built by the Chinese are operating at a fraction of capacity.
http://www.nytimes.com/reuters/2016/02/10/world/asia/10reuters-sri-lanka-china.html?_r=0
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