Tag: Chinese Debt Traps

As many have quoted, the Chinese' debt trap' may have led to China axing their leg as Sri Lanka collapses and gets quagmired in political and economic free fall. The Rajapaksa brotherhood that ran the country Gotabaya and Mahindra Rajapaksa, subsequent former president and later prime minister, have backed multiple projects by China for the last two decades like the Lotus tower, for example. China has also commanded some Hambantota ports for almost a century. China's main interest is to undermine and control strategic locations in Asia to undermine India and any Western allies in the region. Using an island nation on the coast of their belligerent gives China more autonomy over the area. However, the effect and tensions of these moves seem to unfurl with the Rajapaksa brotherhood ma...