China pulls out of key investment in Sri Lanka port logistics venture
When China Merchants pledged the investment in 2023, it was touted as the “first major Foreign Direct Investment” to enter Sri Lanka after the country defaulted on its foreign debt the previous year amid a crushing economic crisis
· 10/19/2026, 3:09:35 PM· 2 min read
When China Merchants pledged the investment in 2023, it was touted as the “first major Foreign Direct Investment” to enter Sri Lanka after the country defaulted on its foreign debt the previous year amid a crushing economic crisis
Read original story →Related stories
world
Ex-OpenAI employee accused of planting device appears to have Saudi backing, court filing shows
world
PSG-Barcelona match in Champions League to go ahead amid shock over France’s violent unrest
world
Zelenskyy says Ukraine got no early warning from partners as Russia hits power grid again
world