China builds Sri Lanka's $15 billion city

[vasanthm]

Lol, SL had to deal its economic crisis on its own. China is not SL's "dad" that would bailout its mess.

Forgot to add economic crisis because of the predatory loans taken and pushed from China during the tenure of a corrupt president..

 

[Beijingwalker]

Forgot to add economic crisis because of the predatory loans taken and pushed from China during the tenure of a corrupt president..

lOl, you are just jealous that Sri lanka, with China's help , has become an upper-middle-income nation and you India is stuck in poverty forever.

Sri Lanka is now upper middle income. Why India stays put
The World Bank has moved Sri Lanka back into the upper-middle-income category, marking a significant milestone in the island nation's recovery from its devastating 2022 economic crisis. Vietnam and the Philippines have also been upgraded, reflecting years of sustained economic expansion.

India, meanwhile, continues to be classified as a lower-middle-income economy, a status it has held since 2007.

https://www.moneycontrol.com/news/india/sri-lanka-is-now-upper-middle-income-why-india-stays-put-despite-a-booming-economy-13965878.html

 

[vasanthm]

lOl, you are just jealous that Sri lanka, with China's help , has become an upper-middle-income nation and you India is stuck in poverty forever.

Sri Lanka is now upper middle income. Why India stays put
The World Bank has moved Sri Lanka back into the upper-middle-income category, marking a significant milestone in the island nation's recovery from its devastating 2022 economic crisis. Vietnam and the Philippines have also been upgraded, reflecting years of sustained economic expansion.

India, meanwhile, continues to be classified as a lower-middle-income economy, a status it has held since 2007.

https://www.moneycontrol.com/news/india/sri-lanka-is-now-upper-middle-income-why-india-stays-put-despite-a-booming-economy-13965878.html

If not for Chinese meddling, they might have done even better

 

[ety]

Forgot to add economic crisis because of the predatory loans taken and pushed from China during the tenure of a corrupt president..

Lol, in you haters minds, everything China does in the world is evil, only good can come out from you people. Do you know what percent of SL foreign loans is Chinese ? 10%. Do you know what is the average interest of Chinese loans lent to SL ? 3.2% And what is the average interest of other foreign loans lent to SL ? 4%. Sore losers always blame on China, lol.

Chinese Loans: Between 2008 and 2021, the effective interest rate on overall Chinese lending to Sri Lanka averaged 3.2%. [1]

If you want a single, realistic benchmark for all non-Chinese foreign debt grouped together, 4% is the generally accepted average cost. [1]