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autotldr Bot ,

This is the best summary I could come up with:


BEIJING, Oct 20 (Reuters) - China is willing to offer assistance to Sri Lanka without political conditions and buy more of its exports, President Xi Jinping told his Sri Lankan counterpart on Friday in Beijing, state media said.

“The two sides should make every effort to promote Colombo port city and Hambantota,” Xi told Sri Lankan President Ranil Wickremesinghe, a summary of their meeting showed, referring to major projects China has backed in its ‘Belt and Road’ effort.

Wickremesinghe was in the Chinese capital for the Belt and Road Forum that ended on Wednesday as well as talks on restructuring debt.

“China is willing to continue to provide assistance to Sri Lanka without attaching political conditions, to help it cope with the difficulties it faces,” Xi added.

Last May Sri Lanka defaulted on its foreign debt as dollar reserves fell to a point where it was unable to pay for essential imports such as fuel and medicine.

“China is willing to expand the import of Sri Lanka’s … products and will encourage Chinese enterprises to invest,” Xi said.


The original article contains 219 words, the summary contains 178 words. Saved 19%. I’m a bot and I’m open source!

bernieecclestoned ,

Sri Lanka has a total foreign debt of $46.9bn, 52% of which is owed to China

In capitalist terms, a controlling interest…

NOT_RICK ,
@NOT_RICK@lemmy.world avatar

Someone from lemmygrad told me state capitalism doesn’t count because reasons

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