Sri Lanka-China rapprochement rolls on – Nikkei Asian Review

JAKARTA — After deteriorating during the early part of President Maithripala Sirisena’s tenure, Sri Lanka’s relations with China appear to be on firmer footing as both sides continue to iron out differences over Chinese investments in the island country. “In most of the cases, we found we got better terms,” Kabir Hashim, Sri Lanka’s minister of public enterprise development, told the Nikkei Asian Review. He added that a few more Beijing-backed projects are currently under review. “In some cases we renegotiated the loans, in some cases the contracts had legal issues, which we cleared up,” Hashim said, without going into detail about specific projects. Under the previous president, Mahinda Rajapaksa, Sri Lanka forged close relations with China as Beijing’s economy boomed and China’s overseas economic reach grew rapidly during Rajapaksa’s decade in office from 2005.