As the border standoff in Doklam continues to simmer, Sri Lanka, a country with a centuries-old cultural bond with India and a robust financial connection with China, just threw another log on the fire of China-India competition by letting India operate an airport on the southern tip of its island, near the Chinese Belt and Road outpost.
Sri Lanka, according to the country’s civil aviation minister, Nimal Siripala, reached out to both India and China in search of investment in the Hambantota area, where China has built a seaport with a 99-year lease and was planning to construct an investment zone and a refinery. But after China failed to reach an agreement with Sri Lanka, India came up with a proposal to set up a joint venture with Sri Lanka.
China’s investments projects have met with widespread opposition from the locals. They have staged numerous protests in the face of eviction. Other critics questioned the local government for signing up loss-making projects with China that push the country deeper into long-term indebtedness.
- Hong Kong
Hong Kong leader can’t rule out barring even former governor Patten as China flexes muscles / Reuters
- 19th Party Congress and Xi Jinping
China shows more signs of economic strength heading into Communist Party Congress / WSJ (paywall)
China banking regulator, Hubei chief front runners to head central bank: sources / Reuters
Is Xi a threat to foreign businesses in China? / Bloomberg
- Facial recognition
China makes progress on its national facial recognition surveillance system / TechNode
Taiwan seeks to build soft power with retooled southbound policy / Reuters
After 13 years on the run, China’s most-wanted fugitive jailed for graft / SCMP
China: China develops laser gun for counter-terrorism operations / Economic Times