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Reading: The report reveals how much money China lost due to Sri Lanka’s debt restructuring
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vantagefeed.com > Blog > Business > The report reveals how much money China lost due to Sri Lanka’s debt restructuring
The report reveals how much money China lost due to Sri Lanka’s debt restructuring
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The report reveals how much money China lost due to Sri Lanka’s debt restructuring

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Last updated: March 18, 2025 7:17 am
Vantage Feed Published March 18, 2025
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China suffered a loss of $7 billion from Sri Lanka’s external debt restructuring, the report reported that China cited the state-run Daily News Chinese ambassador in Colombo and Chinese ambassador Qi Zhenhong.

The ambassador pointed out that the public knew little about these details. “This is because they are not screaming about their support for Sri Lanka,” the ambassador said.

Here we can note that after announcing the first sovereign default amid the 2022 economic crisis, Sri Lanka has implemented a $46 billion restructuring of external credits.

Furthermore, the ambassador expressed optimism about the possibility of cooperation between China and India in the development of Sri Lanka’s northern province.

In an important statement, QI said there is no controversy between China and India as both countries are experiencing rapid growth and should cooperate to achieve a common objective.

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“We hope that one day China, India and Sri Lanka can work together to implement a viable project here,” he added.

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