China Invests in Sri Lankan Maritime Industry

16 February 2010 (Last Updated February 16th, 2010 18:30)

China is working to develop the Hambantota port in Sri Lanka, which China’s Export-Import Bank is heavily financing. China Harbour Engineering is building the $1bn port. China is involved in Sri Lankan projects worth about $6bn, according to The Sunday Times.

China is working to develop the Hambantota port in Sri Lanka, which China’s Export-Import Bank is heavily financing.

China Harbour Engineering is building the $1bn port.

China is involved in Sri Lankan projects worth about $6bn, according to The Sunday Times.

In ten years, Chinese companies have become the biggest suppliers of cranes used to move shipping containers, displacing South Korean and Japanese companies.