Sri Lanka fell into a debt trap with China's $1.26 billion loan for the Hambantota Port in 2007, leading to China's control of the port in 2017.
In response, the U.S. plans a $553 million investment in Sri Lanka's Colombo port, countering China's influence.
The U.S., along with India's major port operator, aims to enhance Sri Lanka's infrastructure and economy.
#US #India #China #SriLanka #Hambontontaport #Srilankachina #chinadebttrap #Biden #Modi #OneIndiaNews #OneIndia ~HT.97~ED.103~
