November 30, 2022

China seems to be shifting its strategic focus towards Southeast Asia and Africa, Sri Lanka’s President Gotabaya Rajapaksa mentioned, noting that South Asian international locations in monetary hassle aren’t getting the identical consideration from Beijing as earlier than.

In an interview Monday, Rajapaksa mentioned that Sri Lanka couldn’t faucet a $1.5 billion credit score line from Beijing and has but to listen to again on his request to President Xi Jinping for a $1 billion mortgage to purchase important items. He mentioned China indicated it will assist Sri Lanka, whereas including that “normally they don’t like” lending out extra money to cowl earlier debt funds.

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