Sri Lanka signs port deals with China amid political upheaval
Updated : November 30, 2018 11:28 AM IST
The debt-saddled island has long been a target of Beijing's ambitious Belt and Road infrastructure scheme to connect China with countries cross Asia and beyond, while regional power India has also been vying for deals to counter China's influence.
An official at the state-run Sri Lanka Ports Authority told Reuters it signed two contracts with Chinese firms worth more than $50 million combined on Thursday after the deals were approved by Rajapaksa's disputed cabinet last week.
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