Categories
connectivity

China´s interest in Sri Lanka | SOURCE: JAMESTOWN ORG

Image: An aerial photo taken on September 23, 2020 shows the construction of a park in Colombo Port City by China Harbor. (Source: CHEC via Xinhua)

Located at the crossroads of global shipping lanes, Sri Lanka has become a significant recipient of Chinese economic and military influence in the Indian Ocean Region (IOR).

Chinese investments in port capacity have enabled Sri Lanka to enhance its strategic position in the Indian Ocean and become a regional trading hub, with future plans to develop its ability to become a financial center as well.

Access to the Indian Ocean’s sea routes is critical to Beijing, as today China is the world’s top oil importer, principally coming from the Middle East, passing through the Indian Ocean on its way to China.

Sri Lanka has been a critical partner in China’s expansive foreign policy and infrastructure-focused Belt and Road Initiative (BRI). The situation further highlights Sri Lanka’s delicate balancing act between China and India. Colombo Port in Sri Lanka is particularly significant for India, as it handles roughly 40 percent  of transshipped container cargo bound for the Indian market.

NEWS LINK


MORE CONNECTIVITY NEWS:

GLOBAL CONNECTIVITY NEWS

 

FREE SUBSCRIPTION

Get new content delivered directly to your inbox.


LATEST REPORTS:


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s