zusykses t1_jedp942 wrote on March 31, 2023 at 7:21 AM

Reply to comment by Master_Income_8991 in China calls US debt trap accusation 'irresponsible' by BubsyFanboy

China didn't foist this port on Sri Lanka, and the debt Sri Lanka sought to pay off by working out the HIPG deal had nothing to do with the China Eximbank loans that Sri Lanka received - it was due to some ISBs (International Sovereign Bonds) that were due to mature; nothing to do with China. There's some valid criticisms to be made against China but honestly most of the failures here seem to be caused by financial mismanagement by successive Sri Lankan governments, unfortunately.

As far as the port being used for husbanding Chinese submarines I have no idea what you're talking about but if you've got a source I'd like to read it.

Master_Income_8991 t1_jegzfhw wrote on March 31, 2023 at 11:12 PM

It's your source, it mentions submarine hosting.

I never claimed Sri Lanka did not take substantial risk. As for the loans having nothing to do with CM ports, well it's all a bunch of card tricks. Clearly the loans had an effect on the port ownership so they became defacto related.