Poket News

China reacted cautiously to Sri Lanka’s appeal for debt restructuring

 

  • China reacts cautiously to Sri Lankan President Gotabaya Rajapaksa's request for Beijing’s assistance in mitigating his country’s deepening forex crisis and spiraling external debt amid criticism from some sectors that expensive joint Chinese investments that are not profitable are partly responsible for Sri Lanka’s struggling economy. 
  • Beijing said it will help Colombo to the best of its capacity after China’s foreign minister Wang Yi returned after a series of diplomatic visits to the Maldives and Sri Lanka.