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International Business Times
International Business Times
Business
Amal JAYASINGHE

Cash-strapped Sri Lanka Eyes China Development

The Colombo Port City development is billed as the 'gateway to Asia' (Credit: AFP)

Sri Lanka's economic collapse was partly blamed on struggling high-debt Chinese mega-projects, but candidates in Saturday's presidential election are banking on at least one of them to buck the trend.

The strategically located Indian Ocean country suffered its worst financial meltdown in 2022, when it ran out of dollars to import essentials, sparking street protests that toppled the then-president Gotabaya Rajapaksa.

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