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Message: <blockquote data-quote="Sri_Sampath" data-source="post: 25912537" data-attributes="member: 264139"><a href="https://www.wsj.com/news/types/asia-news?mod=bigtop-breadcrumb" target="_blank">ASIA</a> China Regains Clout in Sri Lanka With Family’s Return to Power Big projects backed by Beijing have gained fresh momentum now that the Rajapaksas have staged a political comebackBySaeed Shahand Uditha JayasingheNov. 28, 2020 8:00 am ETCOLOMBO, Sri Lanka—China is poised to start building a €10.87 billion city on Sri Lanka’s seafront, as the island nation located near some of the world’s most important shipping lanes deepens its ties with Beijing despite U.S. efforts to gain influence.The Port City, which will be built on 660 acres of land reclaimed from the sea close to Colombo’s city center, had been delayed and debated under a previous government, as the country tried to decrease its dependence on China. Now the family of Mahinda Rajapaksa, who had earlier <a href="https://www.wsj.com/articles/sri-lankan-clan-with-close-china-ties-plots-political-comeback-11573128002?mod=article_inline" target="_blank">overseen a tightening of ties with China</a>, has returned to power.Once completed, Port City could become an important symbol of the power of Beijing’s Belt and Road Initiative, which seeks to spread Chinese influence across Asia and beyond by <a href="https://www.wsj.com/articles/china-bills-its-belt-and-road-as-a-collaboration-but-foreign-companies-feel-left-out-11579172950?mod=article_inline" target="_blank">unleashing its financial and construction firepower</a>.Sri Lanka is trying to rebuild after a devastating civil war and the more recent combined economic fallout <a href="https://www.wsj.com/articles/islamic-state-inspired-but-didnt-direct-easter-attacks-sri-lanka-says-11557080734?mod=article_inline" target="_blank">from terrorist attacks</a> and Covid-19. It says that the U.S. is offering little financial support while seeking to dictate its foreign relations, a complaint played out across Asia.“We turned to all our friends, including the World Bank and India,” said Palitha Kohona, Sri Lanka’s ambassador-designate to China. “The one entity that came to our assistance hastily was China.”TO READ THE FULL STORY <a href="https://www.wsj.com/articles/china-regains-clout-in-sri-lanka-with-familys-return-to-power-11606568404" target="_blank">https://www.wsj.com/articles/china-regains-clout-in-sri-lanka-with-familys-return-to-power-11606568404</a></blockquote>

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