Chinese Embassy, CHEC slam New York Times over ‘false report’ on Sri Lanka
Posted on July 6th, 2018
Courtesy NewsIn.Asia
The Chinese Embassy in Sri Lanka says that some foreign forces without willingness or abilities to help, are fabricating lies to obstruct the joint development of China and other developing countries including Sri Lanka and keep Sri Lanka in the trap of poverty.
Mr. Luo Chong, Spokesperson and the Chief of Political Section of Chinese Embassy, made remarks on the so-called Debt Trap” allegations and some other related issues during an media briefing at the Chinese Embassy on Thursday.
During the Q&A session, Mr Chong stressed that Sri Lanka is indeed trapped, not by Chinese debt but by the lack of development due to historical and external reasons.
What China has been doing is to provide all kinds of support including financial assistance to help Sri Lanka pulling out of the trap, while some foreign forces without willingness or abilities to help, are fabricating lies only trying to obstruct the joint development of China and other developing countries including Sri Lanka and keep Sri Lanka in the trap of poverty.”
The spokesperson said that Chinese loans are not the main part of Sri Lanka’s foreign debt. According to the Annual Report 2017 of the Central Bank of Sri Lanka, the total external debt of the Island country counts US dollars 51.824 billion, among which outstanding Chinese loans takes up only about 10.6% with the amount of USD 5.5 billion.
Besides, 61.5% the Chinese loans (USD 3.38 billion) are concessional ones with a much lower interest rate than the international market. The commercial loans from China are also negotiated at an appropriate rate by the two sides according to then international market.”
He said the so-called Debt Trap” is a false proposition created by the Western media, with a direct attempt to obstruct the joint development of China and other developing countries including Sri Lanka, while the fundamental purpose is to maintain the Western world’s traditional” superior position in the international and regional politics and economics.
China will continue to provide selfless support including much-needed funds for the development of Sri Lanka, and would like to work together with Sri Lankan governments, business community, media and the general public to eliminate interference, strengthen confidence, and jointly promote the pragmatic cooperation for the benefit of the two countries and the two peoples.”
Ms. An Xin, Deputy Managing Director of Representative Office of China Habour Engineering Company Ltd and Mr. Tissa Wickramasinhe, COO of Hambantota International Port Group Ltd (HIPG) were also present for the briefing.
July 6th, 2018 at 4:01 am
This NYT article originates from Delhi, India.
The main reason for this article is to dampen the recent exposure political financing of the current government of Ceylon by India and Indian Colonial Parasites.
An Indian Parasite. Mahendran from Singapore was the major financier of the present government of Ceylon during the last presidential and parliamentary elections in the country.
NYT is trying to kill two birds with one shot?
But in fact it is India and Indian Parasites in USA are the ones who calling shots.
Unfortunately the Chinese in USA are not politically active.
Thanks again.
Indian parasites are getting more and more powerful in the west.
We Sinhalese have to try and counter it .
Indian Colonial Parasites have been financing Sinhala politicians from the time democracy arrived in the country.
Best examples are Handys, Captains, Gnanam, Hidramani etc and the Sinhala politicians being N M, Phillip, Banda etc respectively.