That route is very important for China's great wild west, especially Xinjiang region, which is the world's farthest place to the sea from all directions.
If it is not a good deal what's your plan to develop that port?
Its a win win for both. For one, its a very good deal, for other, a major lesson to be learnt. The spectators can learn a bit too.
You seem to be a reasonable chap, it's just a geopolitical game. Win some lose some, important thing to keep on playing till the end.
How old are you?
You seem to be a reasonable chap, it's just a geopolitical game. Win some lose some, important thing to keep on playing till the end.
You need to ask yourself this question, what is the intention of the Chinese, is it really a base in Hambantota?
SL played right into chinese hands in this deal
Even the 1.1 billion the the chinese spent was spent on chinese goods and labour and hardly helped the SL economy and in the end china got a port for free
That being said, India did force SL to ensure that the SECURITY of the port was in SL hands and NOT in chinese hands.
Which means any and all ships that enter the port will have to be cleared by SL first. So whatever your "intentions" is, you have been check mated.
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There must be a big gain in this deal for the Sri Lanka government, otherwise it would simply won't allow it to happen. Had India offered a better deal, Sri Landka would've gone for India. so the fact is very clear, India can't provide anything better than the Chinese.SL played right into chinese hands in this deal
Even the 1.1 billion the the chinese spent was spent on chinese goods and labour and hardly helped the SL economy and in the end china got a port for free
That being said, India did force SL to ensure that the SECURITY of the port was in SL hands and NOT in chinese hands.
Which means any and all ships that enter the port will have to be cleared by SL first. So whatever your "intentions" is, you have been check mated.
Its a win for china, no doubt. And a face palm moment for SL.
And its a warning to the rest of the world about the nature of chinese "investments".
Its the new East India company.
You seem to be a reasonable chap, it's just a geopolitical game. Win some lose some, important thing to keep on playing till the end.
You need to ask yourself this question, what is the intention of the Chinese, is it really a base in Hambantota?
SL need to pay 6 billion to china from last project...how can they say no to china...they are in trap now
Well, you need to understand China can never enter nor dock in SL territory without SL permission, current SL administration is playing neutral and appeasing both sides but what makes you think Rajapaksa won't come back to power? Never count the chicks before the eggs hatch, it's a 99 year lease... we play a longggg game.
Yup, there is still a long way to go for 99 years. Well, it is not a danger if SL managed those assets properly, Hambantota port was a commercially viable port, the airport was a Rajapaksa vainity project which even we do not want equity. And India is smart enough to pay 300mil$ for it to counter China.LOL.... you are not the only person who plays the loonggg game
Irrespective of who comes to power, SL has woken up to the danger of chinese investment and since its a democracy, there is nothing more china can do.
SL will learn from its mistakes and be extra cautious now.
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Yup, there is still a long way to go for 99 years. Well, it is not a danger if SL managed those assets properly, Hambantota port was a commercially viable port, the airport was a Rajapaksa vainity project which even we do not want equity. And India is smart enough to pay 300mil$ for it to counter China.
Nobody gives money for free, 8 billion in loans. We can renegotiate and change it to some equity for naval bases maybe?
