China to invest US$ 50 billion in the Hambantota port city.

[Sasquatch]

50 billion ?! well it's a win win for both.

 

[pakje]

50 billion lol? Are they building a second Hong Kong or something

 

[Sasquatch]

50 billion lol? Are they building a second Hong Kong or something

Several HK's.

 

[canadian icehole]

Meaning, no trickle down effect to your industries or manufacturing sectors. the projects themselves will contribute nothing....considering, these investments are entirely self-serving.

And who's gonna feed and entertain the Chinese workers on their days off? It's gonna be good business for local restaurants, etc.

 

[Sasquatch]

I can't blame you for being incredulous. It is a huge number. The story also mentions a timeline of 10 to 15 years. That makes it more believable. To compete with Singapore definitely needs that kind of investment over an extended period of time. I certainly hope it comes true. It'll be great for both of our nations.

Yeah it's a win win for both Sri Lanka, thats enough to make a 2 HK's.

 

[Kiss_of_the_Dragon]

Wait till the lankan saps figure out the chinis are planning on importing labour and material for any infra development all the way from china.

Yes SL import chinis labour and material to for construction, unlike Indian export of Tami Tigers for destruction and to ruin SL...SL people can judge by themself.

Now relax and admire Hambantota port