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Stupid move. Most of the Sri Lankans are angry about the current developments. There will be massive protests and severe political backlash if the deal is signed.

it will help you better run and develop the port.

Such a strategic port... How could it be loss-making? Lack of proper promotions?

the answer is simple, the economic weight of Sri Lanka is beyond the capacity of this port. Meanwhile Sri Lanka doesnt have what it takes to become regional hub like what Singapore has and offer. Not to speak the lack of economic cooperation between Countries in South Asia unlike what ASEAN had

Sri Lanka can become a regional free trade and financial hub..even Maldives has done some accomplishment..but practically speaking..political mess in Lanka is too much to handle...their airline is also in shambles despite offering world class service..
 
It is all because of the government not owning up to the LTTE atrocities and the human crimes committed. They had no choice but to take loan from Chinese but they forget the problems that come with it. Africa has witnessed the same. Now the debt servicing is one third of GDP. IMF help is a one time thing.

Previous prime minister or president had taken a lot from Chinese not restricted to loans. So they have to sing like canary. All of this could be stopped if Sri Lanka would accept and apologize for the crimes and set the record on good.but now this has lost traction in the international arena.

Problem that remains with Sri Lanka and the world is that the docking of military platforms at the port. Sri Lanka would have to refuse the easy day dirty loans moving forward but I believe the port is gone from their hands. They can't make it profitable and hence lease will happen.

Sri Lanka can become a regional free trade and financial hub..even Maldives has done some accomplishment..but practically speaking..political mess in Lanka is too much to handle...their airline is also in shambles despite offering world class service..
Not too different from Pakistan then. Ok back to the topic.

Sri Lanka was a very neutral country. But first the civil war till 2000 , then the government crimes and then the Chinese influence has people avoiding them even when they are strategically located. Straits of Hormuz or ski Lanka are bottlenecks for the sea lanes for China and can suffocate its demands.
 
It is all because of the government not owning up to the LTTE atrocities and the human crimes committed. They had no choice but to take loan from Chinese but they forget the problems that come with it. Africa has witnessed the same. Now the debt servicing is one third of GDP. IMF help is a one time thing.

Previous prime minister or president had taken a lot from Chinese not restricted to loans. So they have to sing like canary. All of this could be stopped if Sri Lanka would accept and apologize for the crimes and set the record on good.but now this has lost traction in the international arena.

Problem that remains with Sri Lanka and the world is that the docking of military platforms at the port. Sri Lanka would have to refuse the easy day dirty loans moving forward but I believe the port is gone from their hands. They can't make it profitable and hence lease will happen.


Not too different from Pakistan then. Ok back to the topic.

Sri Lanka was a very neutral country. But first the civil war till 2000 , then the government crimes and then the Chinese influence has people avoiding them even when they are strategically located. Straits of Hormuz or ski Lanka are bottlenecks for the sea lanes for China and can suffocate its demands.

Sri Lanka is too nearby off India coast. Mumbay, Chennai ports attract most ships and goods to their service area. If the Sri Lanka port can't build up a comprehensive industry, service, tour and financial center / free zone, it's very hard for them to compete with India strength.
 
And another major reason is that Singapore is already doing the job of Asian Gatelway as well as Financial Hub in Asia zone. So Srilanka has to find other avenues to generate revenue, otherwise, they do not have option rather selling it to China.
 
Sri Lanka is too nearby off India coast. Mumbay, Chennai ports attract most ships and goods to their service area. If the Sri Lanka port can't build up a comprehensive industry, service, tour and financial center / free zone, it's very hard for them to compete with India strength.

Wasn't it China's duty to do the feasibility study before loaning the Sri Lankan government money for this port?

Talk about economic colonization!
 
Wasn't it China's duty to do the feasibility study before loaning the Sri Lankan government money for this port?

Talk about economic colonization!

Now it's about how and what to do, not why or if to do it. As to experiences, China in 80's got all loans available from abroad investors, some area succeed, such as Shanghai Pudong and Shenzhen, some areas failed, such as Shantou, Hainan.
When they get money, they need to carefully think about how to make profits and prosperity, it's their territory, their mission, their wealth for the next generations.
 
Now it's about how and what to do, not why or if to do it. As to experiences, China in 80's got all loans available from abroad investors, some area succeed, such as Shanghai Pudong and Shenzhen, some areas failed, such as Shantou, Hainan.
When they get money, they need to carefully think about how to make profits and prosperity, it's their territory, their mission, their wealth for the next generations.

And what happened when these port failed? Did the lenders try to lease these ports for 199 years?

Hambantota port is a classic example of why country needs to be wary of this so called Chinese investment (read economic colonization).

The statement said the deal was needed because the ongoing maintenance expenses of the port, as well as debt installments and interest payments, were eating up around one-third of the total annual revenue of the Sri Lanka ports authority and adding too much to the national debt of the country.

As if the Chinese Exim bank did not see this coming.
 
And another major reason is that Singapore is already doing the job of Asian Gatelway as well as Financial Hub in Asia zone. So Srilanka has to find other avenues to generate revenue, otherwise, they do not have option rather selling it to China.

this is the most ignorant and stupidest comment i've ever read. Singapore is on the gate way to the pacific to the east. Sri lanka can be the gateway to almost everywhere.

Just look at the world map and see where sri lanka is before u say such things.

Oh and dude, im from Singapore- naturally i would have the tendency to self-praise/self-emphasise the importance of my own country. But fact is Sri lanka is in a very favorable lcoation
 
And what happened when these port failed? Did the lenders try to lease these ports for 199 years?

Hambantota port is a classic example of why country needs to be wary of this so called Chinese investment (read economic colonization).

They are relatively failed comparing to huge sucess of Pudong and Shenzhen, still better than most of areas in the world. The reason I analys is that port is like an engine of one area's development, but it's not enough they only have the engine, they need to construct comprehensive infrastures and complete functional zones. And mainly find the methods to compete with nearby Indian ports.
It's too early say Hambantota port is failed. No investors want failed investment. Our money is not given by god, is earned by our hard work. However, the local government and people also need to make efforts to make the area development and sucess, it's good for both parties.
 
And what happened when these port failed? Did the lenders try to lease these ports for 199 years?

Hambantota port is a classic example of why country needs to be wary of this so called Chinese investment (read economic colonization).



As if the Chinese Exim bank did not see this coming.

The port can fail due to many reasons, but its not like china have management of the port, so it's not their fault if Sir Lanka couldn't get it working.. (say if you get loans from banks for a small business and it fails... whos fault is that? yours or the bank?)

china just lend the money they requested for. they could always refuse the terms of the loans if they disagree.
 
And what happened when these port failed? Did the lenders try to lease these ports for 199 years?

Hambantota port is a classic example of why country needs to be wary of this so called Chinese investment (read economic colonization).



As if the Chinese Exim bank did not see this coming.

hahahha do you know that the World's biggest ports by cargo tonnage are mostly Chinese-managed ports?

Rank Port Country Measure 2014 kiloton[1] 2013 kiloton[2] 2012 kiloton[3]
1 Shanghai
23px-Flag_of_the_People%27s_Republic_of_China.svg.png
China MT 678,376 696,985 644,659
2 Singapore
23px-Flag_of_Singapore.svg.png
Singapore FT 581,268 560,888 538,012
3 Guangzhou
23px-Flag_of_the_People%27s_Republic_of_China.svg.png
China MT 500,975 472,760 438,000
4 Qingdao
23px-Flag_of_the_People%27s_Republic_of_China.svg.png
China MT 465,055 450,111 407,340
5 Port Hedland
23px-Flag_of_Australia.svg.png
Australia MT 446,922 488,000 288,443
6 Tianjin
23px-Flag_of_the_People%27s_Republic_of_China.svg.png
China MT 445,780 477,399 477,000
7 Rotterdam
23px-Flag_of_the_Netherlands.svg.png
Netherlands MT 444,733 440,464 441,527
8 Ningbo
23px-Flag_of_the_People%27s_Republic_of_China.svg.png
China MT 429,912 399,250 364,612



you cant teach a man how to fish, if he has no interest in learning how to at all. Instead he would rather gobble up that single big fat fish that he had to fullfill his hunger.

Just watch how this hambantota is going to make a drastic u-turn in its fortunes once it's in Chinese-style management.

I dare say the money from the Chinese investments got diverted into personal pockets instead of legal projects and infrastructure building. Looks like Chinese investors are still experiencing exactly what Zhenghe had seen over 500 years ago when he reached sri lanka
 
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Indians blame China for this port failure, that's ridiculous, China never forced anyone to borrow our loans and it's those governments decision to borrow foreign money or not. When you fail a business and you blame the one who lends you money, can anything be more stupid than that?
 
The village money lender gives loans to farmers knowing fully well they can not possibly return it.

As @Roybot said, it is economic colonisation achived in smaller countries through bribing the people in power.

What the village money lender is really after is the farmers land.

I know the official line on the forum is China is the second coming of the Christ, all they want to do is help smaller countries become great again, they wont buy our rulers to compromise our national interest etc etc.

Welcome to China Srilanka Economic Corridor.
 
The village money lender gives loans to farmers knowing fully well they can not possibly return it.

As @Roybot said, it is economic colonisation achived in smaller countries through bribing the people in power.

What the village money lender is really after is the farmers land.

I know the official line on the forum is China is the second coming of the Christ, all they want to do is help smaller countries become great again, they wont buy our rulers to compromise our national interest etc etc.

Welcome to China Srilanka Economic Corridor.
The farmer always has a choice not to borrow, China never practiced anything that hasn't been practiced by other governments and banks for decades if not centuries. Does India practice this any different from other countries? Indian workers always blame their tools, or anything other than themselvs
 

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