Friday, March 14, 2008

China making inroads in India's backyard, wooing Lanka

China has overtaken Japan and India among Sri Lanka's major donors, pumping over USD one billion in aid with no strings attached and is carrying out major development projects there, including a new port in the home town of President Mahinda Rajapakse.

China's "assistance  " is double the India's contributions which stands at USD 500 million this year emblematic of a major shift from 20 years ago, when India was the only power center in the region.

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