China vs. America in a Financial Game of 'Risk'
The U.S. blasts China’s “predatory economics”—but the money keeps flowing.
In late 2010, Sri Lanka inaugurated a new $1.3 billion deep-sea port in Hambantota, on the Indian Ocean island nation’s southern coast. More than 80 percent of financing for the project came from China, as part of its Belt and Road Initiative, a massive infrastructure initiative that aims to connect the world’s second-largest economy to its Asian neighbors.
For China, Hambantota offered an important port that would bring raw material, such as minerals and metals from Africa and oil from the Middle East, via the Indian Ocean to China’s own ports. For Sri Lanka, whose economy is still struggling to recover
