Sri Lanka is bankrupt. Who will repay the 30 billion yuan owed to China?

Spread the love

Author: brother Mao, this article is reproduced under the authorization of official account brother Mao’s vision (id:maogeshijue).

2022 is destined to be an unsettled year.

The Russian Ukrainian war, Johnson’s resignation, Abe’s assassination, one after another, the Chinese also ate a lot of melons.

But out of our sight, in those corners that the media did not pay attention to, because a series of crises such as food, energy and finance are triggering a series of chain reactions. This reaction is like continuing to pump air into a balloon full of air, and we don’t know when and where it will burst.

And in these days, Sri Lanka had a thunderstorm.

On July 9, a large-scale protest broke out suddenly in Sri Lanka. The protesters rushed into the presidential palace and the prime minister’s palace and swam in the swimming pool to take photos. Before that, many senior Sri Lankan officials had left the capital Colombo by warships and planes. Then the prime minister announced the bankruptcy of Sri Lanka and resigned.

??

Originally, Chinese people had no feelings about this kind of foreign suffering, but this time it was different, because Sri Lanka still owed China nearly $5.5 billion in foreign debt.

Countless Chinese people began to worry. Sri Lanka was bankrupt. Who would repay the foreign debt owed to China?

one

Disaster stricken pearl of South Asia

Sri Lanka, formerly known as Ceylon, is a tropical island country floating in the Indian Ocean. Because its territory looks like a tear, it was nicknamed “tears of the Indian subcontinent” by the British colonists.

Who would have thought that this nickname became a prophecy, just echoing the tragic experience of this country deeply disturbed by the war.

Although Sri Lanka looks like an island, it has always been connected with the Indian subcontinent by a land bridge composed of shoals and reefs. That is to say, even ancient people with underdeveloped productivity can cross this strait and enter Sri Lanka. Therefore, Sri Lanka has been facing the invasion of the people of the Indian peninsula in history, first the pidaro people (later mixed race into Sinhalese people), and then the Tamils, Later, the Arab Empire brought the moors.

It’s lively. It’s strange that there are three ethnic groups that believe in Buddhism (Sinhalese), Hinduism (Tamil) and Islam (moor) on a small island. There is no contradiction.

After Sri Lanka’s independence, the ethnic contradictions that have been provoked by Britain broke out, because Sri Lanka inherited the British vote politics. Naturally, the number of votes is who has the upper hand. Therefore, the Sinhalese, who account for 74% of the population, naturally won the power. Tamils refused to accept it, and carried out a 26 year guerrilla war with the support of Tamil relatives in India.

One of the most famous is the Tamil Tiger organization, which later became famous. The tiger organization has strict discipline and no reward for joining the organization. It fights completely based on faith. It is brave and fearless, and its combat effectiveness is very strong.

??

The guerrilla war lasted until 2004, and two fierce people emerged in Sri Lanka: Mahinda Rajapaksa brother and his brother gothabaya Rajapaksa.

In 2004, Mahinda Rajapaksa was elected president and gothabaya Rajapaksa was appointed defense minister. The brothers began their efforts to quell the civil war in Sri Lanka with one heart. However, Western military assistance often provided “human rights conditions”, which they could not accept and had to go to China.

The Tamil Tiger organization was listed as a terrorist organization because it killed the Prime Minister of India. Under the framework of the United Nations, China began military assistance to Sri Lanka, including armored vehicles, fighter planes, various weapons and ammunition, and helping to train soldiers. As a result, the Sri Lankan government army suddenly rose, and it took only four years to completely pacify the Tamil Tiger organization, ending Sri Lanka’s long-lasting civil war of 26 years.

?????????????56-2???

Sri Lanka, which ended the civil war, entered the golden stage of development, but who would have thought that such a golden period of development would be so short that Sri Lanka fell into turmoil again in a few years.

two

How did Sri Lanka go bankrupt?

Sri Lanka’s bankruptcy can be attributed to the epidemic, the high oil and food prices brought about by the Russian Ukrainian war, or the exchange rate crisis brought about by the dollar cycle.

These factors are enough to make small countries collapse, but no one has collapsed like Sri Lanka.

In fact, Sri Lanka is mainly to blame for its bankruptcy.

The first is the political system of Sri Lanka. Although it is elected politics, several big families have always controlled the political situation, such as the conservative senayak family and the progressive Bandaranaike family, which have ruled Sri Lanka for more than 50 years. Local governments are carved up by other family forces, large and small.

After 2004, the Rajapaksa family rose rapidly and became the “first family” in Sri Lanka.

??????????????

We can see how powerful this family is by looking at the list of dignitaries in the family.

Mahinda’s father is don Arvin Rajapaksa, deputy speaker of the founding Parliament of Sri Lanka and Minister of agriculture and land.

Uncle Mahinda is don Mathieu Rajapaksa, district head of Hambantota.

Lakshman Rajapaksa, the lobby brother of Mahinda, is a member of parliament;

Mahinda’s second cousin, George Rajapaksa, served as a member of Parliament, Minister of health and Minister of fisheries;

Nirupama Rajapaksa, niece of Mahinda, member of Parliament and Deputy Minister of water resources;

Shyamlar Rajapaksa, nephew of Mahinda, provincial councilor;

Mahinda’s eldest brother, chamar Rajapaksa, served as deputy ministers of three ministries and ministers of three other ministries, as well as the speaker of parliament;

Mahinda’s nephew shamidra Rajapaksa, chief minister of UWO province;

Bashir Rajapaksa, the fourth brother of Mahinda, is the Minister of economic development and the Minister of finance.

The fifth brother of Mahinda, gothabaya Rajapaksa, was the Minister of defense and later the president of Sri Lanka.

Mahinda’s eldest son, namar Rajapaksa, is the Minister of sports.

After Gotabaya became president, he dragged the former President Mahinda back to become prime minister.

You see, where is this kind of practice that one person gains the virtue of a chicken and a dog rising to heaven still a modern country? It’s clearly a door valve system.

??

When the power of a family covers the political, military, business and various industries of the country, the country will become the cash machine of the family. For example, basil Rajapaksa, the Minister of Finance and Mahinda’s fourth brother, is called “Mr. 10% in Sri Lanka”, which means that whoever wants to contract national projects should be given a 10% commission.

What hope does the country have for this ruling mode? Even if the president always wants to develop the country, there are too many pig teammates in the family! After the corruption of basil was exposed, Mahinda lost the election. The opposition President sirisena came to power and began to investigate basil, but then Mahinda’s brother Gotabaya came to power and cancelled a series of charges against Basil when he took office.

It may be that for gothabaya, fighting corruption means the death of the family, but not fighting corruption means the death of the country.

When everyone in the family wants to make money, no one wants to develop. Therefore, Sri Lanka has been independent for more than 70 years, and it is still an agricultural country. It exports tea, rubber, coconut and tourism in exchange for foreign exchange. The only industry is some low threshold garment processing.

??

In order to help Sri Lanka develop its economy, China has successively helped Sri Lanka build many major projects over the years, such as airport expressway, container terminal in the south of Colombo port, Hambantota port, Matara International Airport, National Grand Theater (Lotus theater), national television tower (Lotus television tower), Mahinda International cricket stadium, etc.

According to Chinese experience, if you want to be rich, you should first build roads and improve infrastructure, so that industry can develop. China’s large infrastructure capacity is top in the world. Can’t the king players bring a bronze?

But when China builds the road, the Sri Lankan government has no supporting economic stimulus measures at all! So although the highways are beautifully built, there are not many cars running. The manufacturing industry in Sri Lanka has not made progress. Because the low-end manufacturing industries in India, Bangladesh and Vietnam have sprung up, many orders have been snatched away, and the industrial output value has fallen instead of increasing.

Without industry, energy, industrial supplies, agricultural fertilizers and other means of production and daily necessities, we have to rely on imports. Income and expenditure are just flat, which makes Sri Lanka’s economy like a tight steel wire. If there is any movement outside, it may collapse.

If Sri Lanka depends on agriculture and tourism like this, it can barely survive, but unfortunately, it has encountered natural and man-made disasters.

Natural disasters are naturally the COVID-19.

After the elimination of the LTTE, Sri Lanka ushered in a golden age of tourism. Because Maldives has limited reception capacity, Sri Lanka is the best choice next to Maldives to experience the island customs of South Asia.

In 2013, Sri Lanka welcomed 1.27 million international tourists, with tourism revenue of $1.715 billion. By 2017, the number of tourists had increased to 2.11 million, accounting for more than 10% of GDP.

??

Massive tourists not only bring billions of dollars of foreign exchange to Sri Lanka every year, but also drive the overall development of the hotel industry, tour guide industry, transportation industry, catering industry and even vendors. Sri Lanka, an agricultural country, relies on tourism to pull the per capita GDP to the level of Ukraine, which is higher than India.

However, in 2019, a terrorist attack occurred in Sri Lanka, killing more than 300 people and injuring 500 people, which dealt a blow to Sri Lanka’s tourism industry. The global epidemic has not yet subsided, and Sri Lanka’s tourism industry has suffered a devastating blow. Akita kabral, President of the Central Bank of Sri Lanka, said frankly that Sri Lanka has lost $5billion in foreign exchange earnings due to the epidemic.

??

Without foreign exchange, it is equivalent to a country losing the blood of trade with the outside world. Sri Lanka’s debt service ratio has directly risen to 40% – 90% (China only has 9.2%), which has brought a series of chain reactions. For example, Fitch international credit rating company downgraded Sri Lanka’s external debt repayment ability rating to “n-negative”.

If it were you, would you lend money to someone who is likely not to repay it? Sri Lanka cannot borrow new debt to repay old debt, so it naturally fell into a debt crisis. At present, Sri Lanka has accumulated $51billion in debt, and they can’t afford to pay it back at all.

The man-made disaster is gothabaya’s blind tossing.

In 2019, in order to win votes, gothabaya proposed tax cuts to give everyone more money to live a small life. This is a great deal of good governance! So gothabaya became president with no hesitation, and this buddy did what he said. The tax cut was as high as 50%.

??

The people are happy, but the government is crying. The operation of the country depends on taxes. You cut taxes by half at once. What should the country do? Gothabaya waved his pen: print money!

According to gothabaya, printing money can dilute domestic debt and stimulate exports to earn more foreign exchange to repay foreign debt. In essence, this is no different from “Erdogan economics”.

Then Sri Lanka began to print money vigorously. From December 2019 to August 2021, Sri Lanka’s money supply increased by 2.8 trillion rupees. What is this concept? It is equivalent to 42% of Sri Lanka’s total money supply, and the per capita excess is 130000 rupees.

Anyone with some common sense in economics knows that printing money will lead to currency depreciation. Correspondingly, the annual inflation of the country in 2021 was 12.1%, of which the inflation level of food products reached a record 22.1%! Up to now, Sri Lanka’s inflation rate has reached a record 113%, second only to Zimbabwe, whose money is in billions.

The worst thing is that the release of water and inflation led to the collapse of the foreign exchange market. The devaluation of the Sri Lankan rupee against the US dollar meant that Sri Lanka’s import purchasing power was weaker, and the people were already very poor. As a result, inflation directly looted, and there was no money to buy food at all.

??

Inflation has not been settled yet, and gothabaya has started to toss around again. This time, he is going to do what European and American developed countries dare not do: green agriculture!

We may all have heard some old people’s roast in the seventh and eighth tier cities: there are not so many diseases in the society! It’s because there are more fertilizers and pesticides now that we have this messy disease!

Coincidentally, people in Sri Lanka also have this understanding. In the traditional values of Sinhalese people, they believe that all chronic diseases suffered by modern people are the result of the use of chemical fertilizers and pesticides. If people only eat crops produced by natural agriculture, they will not suffer from these diseases.

It’s no problem for ordinary people to think so. Anyway, green agricultural products are very expensive. If you want to eat them, you can spend money to buy them? But when President gothabaya thinks so, it’s fatal! That can form a national policy! Ge

Tabaya pondered that engaging in green agriculture can not only make people eat “healthy food”, but also cater to the White left mood in the west, but also save a lot of foreign exchange for imported fertilizers. Isn’t it wonderful?

In April 2021, gothabaya ordered to prohibit the use of chemical fertilizers and pesticides in the process of agricultural planting! Irrigation minister chamar Rajapaksa faithfully implemented this order, closing down fertilizer and pesticide stores everywhere, and catching whoever used fertilizer.

What happened? The output of Ceylon black tea, an important export product for foreign exchange earning, has been reduced by 14%, and the output of agricultural products has been reduced by nearly half. Coupled with the severe drought in Sri Lanka at the beginning of this year, Sri Lanka’s crops have suffered an unprecedented reduction, and the food crisis has spread across the country.

??

Food is the cornerstone of a country’s stability. No oil, no driving, no goods, no consumption, but without food, people will really starve!

What can Sri Lanka do? Buy food? Then you have to have foreign exchange first! loan? Then you have to have credit first! If you want credit, you need to have an industry first!

Well, Sri Lanka fell into a dead circle, the country went bankrupt, and the people had long been dissatisfied with the corruption of the Rajapaksa family, so large-scale riots broke out.

Since March this year, a large number of protesters have gathered in Colombo, shouting protest slogans such as “crazy go home”, lighting buses and attacking the police, causing a total of about 50 people to be injured and 45 people to be arrested. After several months of trouble, the radicals finally broke into the presidential palace and the prime minister’s palace, and the Rajapaksa family was forced to flee.

??

Interestingly, during the riots, although the Sinhalese, Tamils and Moors are usually awkward, they are extremely United this time. There is only one voice: Rajapaksa class is over!

three

Capricious Sri Lanka

Facing the crisis, Sri Lanka has also tried to save itself, such as asking China to reduce Sri Lanka’s debt and proposing to borrow another 1billion US dollars to tide over the difficulties.

But China refused, why? Because although China has great interests in Sri Lanka, it is not 250. Sri Lanka’s performance over the years is too volatile.

China still understands the truth of “raising rice en and fighting rice hatred”.

For example, when Mahinda was president, he said that “China is a friend and India is a relative”. China and Sri Lanka can be regarded as a honeymoon period. China not only helped Sri Lanka end the civil war, but also invested $10billion in Sri Lanka’s infrastructure, such as roads, bridges, ports and infrastructure telecommunications facilities.

??

Anyone with a normal mind can see that China Sri Lanka cooperation has all benefits but no harm. Politically, China can help Sri Lanka resist the influence of India. Economically, the the Belt and Road will fundamentally change Sri Lanka’s industrial structure, and it is not impossible to even become the economic center of South Asia. What a beautiful blueprint?

But what? In international politics, there are not so many friends and enemies. For a small country like Sri Lanka, China, India and the United States cannot afford to offend.

The first is India. Due to its close proximity, India has always treated Sri Lanka as its own backyard and has always been very vigilant towards the cooperation between China and Sri Lanka.

For example, the commander of the Indian Navy said, “Sri Lanka is as important to India as Ireland is to Britain and Taiwan is to China. India will never tolerate the domination of Sri Lanka by hostile powers, thereby threatening India’s territorial integrity.”

The second is the United States. Now the United States has listed China as a global rival and has always been extremely vigilant about the expansion of China’s maritime interests. In particular, the United States has the largest military base in the Indian Ocean, Diego Garcia base, which can take off and land B-52, B-1, B-2 and other long-range heavy bombers. It is the ballast of the United States’ Indian Ocean Strategy.

??

In addition to Sri Lanka, China has also built or leased Chittagong in Bangladesh, Sittwe in Myanmar, Gwadar in Pakistan and other ports in the Indian Ocean. If these ports are connected, it is like a string of pearl necklaces in the Indian Ocean.

The United States calls China’s plan the “pearl chain” strategy, and believes that these ports will one day be upgraded to naval bases to control maritime trade routes, posing a threat to the U.S. Diego Garcia base and even the global interests of the United States.

Therefore, on the issue of Sri Lanka, the United States and India have always played the role of “saboteurs” of China’s plan.

Before the 2019 Sri Lankan election, the United States announced that it would donate $480million to Sri Lanka to improve domestic infrastructure and traffic management at the cost of the US Sri Lanka “status of forces agreement”, which would allow American military personnel, ships and aircraft to move freely in Sri Lanka.

India also took advantage of the fire. At the end of 2021, Mr. 10% Basil visited India, and India promised to provide financial assistance to Sri Lanka. Then Sri Lanka and India signed an India Sri Lanka Trincomalee port joint development agreement.

Under the interference of the United States and India, Sri Lanka’s relations with China have also become a “Schrodinger” state, with cooperation with China, anti China and repeated horizontal jumps.

After Mahinda left office in 2015, silienna, the former health minister, defected to the opposition United Kuomintang camp to run for president. The United Kuomintang represents the elite of the center right Westernization faction, and has inextricably linked with Britain and India.

Sure enough, as soon as sirisena took office, he stopped the Colombo port city development project originally signed by Mahinda and China on the grounds of “the content of the contract is not transparent”, and then quietly opened India’s railway project in Sri Lanka.

??

To put it simply, sirisena is talking to a wall grass about the conditions on both sides, depending on who has good conditions.

However, reality has taught sirisena that India’s domestic infrastructure is in a mess. How can we have the money and enthusiasm to invest in Sri Lanka? After sirisena found this, he had to quietly restart the Chinese project and revise the construction agreement with China.

Even during the term of sirisena, China and Sri Lanka signed a project of great significance to China – the port of Hambantota.

This port is in Hambantota, the hometown of Rajapaksa family. In 2004, Hambantota suffered heavy losses in the Indian Ocean tsunami and almost became a white land.

In 2007, Mahinda courted China and began to rebuild the port of Hambantota. Then China invested $1.5 billion and began to work hard to dredge waterways and rebuild port facilities here. In June 2012, the port of Hambantota was officially put into operation, and immediately became the most important logistics supply center for all ships from the Indian ocean to the Pacific region, with about 300 ships arriving at the port every day.

??

But a few years later, when it was time to repay the debt, Sri Lanka said, no money!

So what? Only “debt for equity” is available. In this way, China has obtained a 70% equity interest in the port of Hambantota and a lease of 15000 acres (about 60.7 square kilometers) around it for 99 years.

This is a win-win agreement. Sri Lanka has got rid of its heavy debt burden, and will help build industrial parks with the help of China, create more employment opportunities and improve its economic development level.

It is also very beneficial to China. After all, Hambantota port is the gateway of the bay of Bengal, the world’s largest Bay. It is less than 10 nautical miles away from the world’s busiest international ocean East-West main route. It is known as the “crossroads of the East”, and its geographical location is very superior.

??

In a sense, the location of Hambantota port is superior to Gwadar Port in Pakistan and Chittagong port in Bangladesh. China’s acquisition of Hambantota port is equivalent to a strategic fulcrum in the center of the Indian Ocean.

According to the news, all countries bombed. India soon obtained the lease of Matara airport by exerting diplomatic pressure on Sri Lanka, only 25 kilometers away from the port of Hambantota, in order to monitor China’s every move.

Western countries have also made a big fuss about this, constantly throwing dirty water on China in the international community, threatening that “China has violated Sri Lanka’s sovereignty”.

In order to regain power, the Rajapaksa family also began to make an article about it. The candidate gothabaya publicly said to the Indian defense magazine: “this is a mistake (renting the Hambantota port). I will ask for renegotiation (the Hambantota port agreement)…” and accused silsena of “betraying sovereignty”

It’s interesting. Isn’t this port promoted by your brother? Your brother is also a well-known “pro China faction”. How can he now accuse sirisena, the “Anti China faction”, of selling sovereignty to China?

After gothabaya was elected, he immediately visited India and received the commitment of India to provide huge credit financial support to Sri Lanka. In order to hold India’s thigh tightly, gothabaya Rajapaksa made it clear that he hoped to change the contract with China back to its original state, that is, continue to cooperate (only cooperate, not rent) according to the conditions originally agreed by Sri Lanka, and Sri Lanka would repay China’s loan at an appropriate time.

??

However, it is 2019 at this time. China has invested a lot of money in Hambantota, and the cooperation agreement with Sri Lanka is in black and white. If you want to recover it, do you want to repay the money invested by China? Do you have to pay liquidated damages?

This money is simply an impossible task for Sri Lanka, which is already heavily indebted. Although the United States and India are fighting behind, no one has mentioned providing Sri Lanka with this money, so gothabaya Rajapaksa’s tone soon changed, saying that Sri Lanka will not easily change its mind to investors.

December 14, 2021 is an important commemorative day for the first time that the RO ro throughput of Hambantota port exceeded 500000 vehicles. Sri Lanka’s prime minister Mahinda visited Hambantota port to cut the ribbon for celebration. Mahinda was amazed at the construction achievements in front of him and appreciated the great achievements made by the Chinese side in the joint development of Hambantota port and Industrial Park in the past four years.

??

It seems that in the face of amazing construction achievements, Sri Lanka’s desire to recover the voice of Hambantota port has ended.

However, Sri Lanka seems to feel that the port of Hambantota has become a bargaining chip in Sri Lanka’s hands, and it is prone to make various demands on China. For example, this year, Sri Lanka once again asked for $1billion under the condition of unpaid foreign debt.

After China refused, Sri Lankan President gothabaya was furious and said that China was “not a responsible big country”.

Is such a country worth China’s help?

four

What about the debt owed to China?

Some people worry that if Sri Lanka really goes bankrupt, will Sri Lanka’s debt to China be wiped out?

First of all, China doesn’t have to worry too much about the sky falling with a tall top.

Sri Lanka’s debt composition is very complex, of which 36% comes from international capital markets, followed by 13% of the Asian Development Bank (ADB), 10% of Japan, 10% of China, 9% of the world bank, and 2% of India.

Because the Asian Development Bank is invested by Japan and the United States, and the world bank also has a lot of U.S. capital, that is, the total debt of Japan and the United States is 32%, much higher than China’s 10%.

??

According to the style of Japan and the United States, although it is no longer the era of “armed debt collection” in the 19th century, the new way of debt collection can be more murderous. Many international capital rely on countries that cannot afford to repay loans to maximize their interests.

For example, in December, 2001, Argentina announced that it could not pay its foreign debt, and the country went bankrupt. Originally, it wanted to default, but the IMF directly sued Argentina in the United States, freezing Argentina’s capital in various exchanges. Now Argentina is stupid. I am just bankrupt, and I want to continue financing in the international market. With your freezing, how can I get financing in the international market in the future?

Argentina can only agree to debt restructuring, obtain new loans to repay old debts, postpone repayment and reduce interest rates. But do you really think that international capital is for charity? There are many political conditions for the debt restructuring plan, such as specifying what policies the government should implement, how to limit its development capacity, reduce the fiscal deficit, reduce public welfare subsidies, and so on.

In this way, the debt crisis can be solved in a short time, but it will make the country drink poison to quench thirst, the national development is limited, the economic difficulties can only borrow more foreign debt, and finally be controlled by the West.

??

If Japan and the United States do this to Sri Lanka, China can fully participate, because China is also a member of the world bank and the third largest shareholder. China has the right to control Sri Lanka’s national economy and people’s livelihood industries, Sri Lanka’s output, China has the right to purchase at a low price, and even Sri Lanka’s tariffs, China has the right to control until the foreign debt is paid off.

However, this is not what China wants.

The difference between China and Western countries is that China does not seek to overthrow other countries, nor does it like to engage in debt traps, but sincerely hopes for the development of Sri Lanka.

After all, although Sri Lanka is bankrupt, the country is still there, and the people are still there. In this way, Sri Lanka has the ability to continue to make blood and win-win development with China.

With China’s strength, now it is completely possible for warships to drive over, control the Colombo port to pay off debts, and become another port of China in Sri Lanka, but China can’t do so. What’s the difference between doing so and imperialism?

We can see what China did after the withdrawal of U.S. troops from Afghanistan. Instead of taking the opportunity to intervene to control Afghanistan, China took the eight countries around Afghanistan to Dushanbe, the capital of Tajikistan, for a meeting to discuss how to develop Afghanistan in the best interests of all parties.

Therefore, for Sri Lanka, China will certainly call the relevant stakeholders together to discuss a way, taking full account of Sri Lanka’s interests. This is the “kingcraft” that is different from the hegemonic practice of the West.

This can be seen from China’s practice. This year, China provided Sri Lanka with a loan of 500million US dollars, plus 500million yuan of humanitarian assistance, as well as food aid, various drugs, clothing and other material support, which is the largest amount of assistance actually received by Sri Lanka this year.

Foreign Ministry spokesman Wang Wenbin also stated that China will continue to provide assistance to Sri Lanka’s economic and social development within its capabilities, support Sri Lanka in restoring its economy and improving people’s livelihood. As for Sri Lanka’s debt related to China, China supports relevant financial institutions to negotiate with Sri Lanka to seek a proper solution. We are willing to work with relevant countries and international financial institutions to continue to play a positive role for Sri Lanka in coping with current difficulties, alleviating the debt burden and achieving sustainable development.

For Sri Lanka, this measure of China is the real right way.

??

Of course, China can also conduct in-depth communication and discussion with Sri Lanka on the interests that China is concerned about, such as the garrison issue in the port of Hambantota. At present, in order to quell Western rumors about China’s military control of the port of Hambantota, Sri Lanka has moved the southern naval headquarters to Hambantota, so as to show the control of the Sri Lankan Navy over the port.

Stationed in the port is the former Chinese Navy’s 053h2g “Tongling” frigate, which was presented by China to the Sri Lankan Navy.

In the future, is it normal for China and Sri Lanka to conduct joint naval exercises? Is it OK for China to maintain Sri Lankan warships? It’s not a big deal for the Chinese navy to rely on Hong Kong for supplies, is it? It’s even natural to set aside a few special docks for Chinese warships, isn’t it?

??

Even if Sri Lanka is really willing to follow Djibouti’s example and transfer the right to build military bases in ports to China to pay off debts or make money, China can also consider it.

Because as mentioned above, the geographical location of Hambantota port is really good. If China stationed an aircraft carrier here in the future, its military influence can be extended to the entire Indian Ocean. Chinese oil tankers travel to and from the Persian Gulf to pull crude oil. There is no need to worry about the interception threat of the Indian Navy, and China’s energy channel security will be insured.

five

future

After this turbulence, Sri Lanka, which has calmed down, may also begin to understand who is the real friend and who is the one who uses himself as a gun. Who intervenes in Sri Lanka is purely out of geopolitical game, and who is really concerned about the lives of the Sri Lankan people.

In this century changing situation, globalization is ebbing, and the game between big countries has become the mainstream. Small countries have no other way but to stand in line. The confrontation should be divided into groups, and the standing in line should be complete. It is no longer feasible to jump left and right and pull wool on both sides as before. If you really do this, no one will be seen. If the big countries gently exert a little strength, the small countries will fall into chaos.

There are many countries like Sri Lanka in China’s belt and road initiative. China has tasted the difficulties brought by poverty and is willing to sincerely help these countries develop, but it does not mean that China cannot see the right and wrong, that China can extort at will, and will not reveal the bottom.

China is willing to save people, but only if some countries are worth saving.

Sri Lanka understands, other countries, understand?

This article is reproduced under the authorization of official account brother Mao’s vision (id:maogeshijue).

3 thoughts on “Sri Lanka is bankrupt. Who will repay the 30 billion yuan owed to China?

Leave a Reply

Your email address will not be published. Required fields are marked *