Nishan de Mel of VERITE RESEARCH
“There is a tendency for discussion on Sri Lanka’s economy to overstate its dependence on China. It is important to take a look at the numbers. In 2010 China’s part of Sri Lanka’s loan portfolio was 3%. By 2016 it had grown to 9%, with the 6% growth coming from the Chines EXIM Bank. This is less than the loan portfolio held by other bilaterals and multilaterals such as Japan and ADB. The largest growth during this period was in the loan portfolio held by international financial markets. In 2010 it was 30% and by 2016 it had increased to 44% of the loan portfolio.”
SO: one has to ponder this question — which elements and which media outlets have promoted and massaged the fears of China? and towards what goals? Editor, Thuppahi








