Sri Lanka took out loans from a Chinese state-owned bank to build Hambantota port, pictured, which it is now unable to pay back. Lakruwan Wanniarachchi / AFP
Sri Lanka took out loans from a Chinese state-owned bank to build Hambantota port, pictured, which it is now unable to pay back. Lakruwan Wanniarachchi / AFP
Sri Lanka hands over port to China to pay off debt
Hambantota port was signed over to Beijing on a 99-year lease because Sri Lanka cannot repay Chinese loans it took out to build the port in the first place