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Inside Story - Are concerns about China's growing presence in Sri Lanka valid? - kharasach.com

It's a deal that the Sri Lankan government hopes will pay off some of its multi-billion dollar debts to China.
A controversial agreement has been signed to lease the port of Hambantota to a Chinese state-owned company for the next 99 years.
The Chinese government helped foot the $1.3 billion bill for construction of the redeveloped port in southern Sri Lanka.
An industrial zone near the port hopes to attact Chinese investment.
Critics complain a Chinese colony is being built.
Sri Lankan leaders insist Chinese debts need to be repaid and the deal will attract investment and create jobs.
Is the deal too high a price to pay?

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