Sri Lanka, China conclude fourth round of diplomatic consultations
Sri Lanka, China conclude fourth round of diplomatic consultations
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With the on-going debt crisis in Sri Lanka turning the spotlight on China’s lending practices, Beijing has been pushing back against allegations of what has been called “debt trap diplomacy”. Many economies are reeling from the impact of the COVID-19 pandemic, which has worsened financial stress. Some of those countries, such as Sri Lanka and Zambia, were also the recipients of large Chinese loans. China’s former central bank governor Zhou Xiaochuan acknowledged at a conference last month there
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