Posted on 10.08.2018 by Chandana Sirimalwatte in Top News with 0 Comments
US Vice President Mike Pence has said that the Hambantota port would soon be a Chinese military base. He accused China for using loan aids for its diplomatic influence.
He has given a detailed description of how China is spreading its dominance in the South Asian Sea, and commented on why Sri Lanka had to commit to transfer the Hambantota port to China.
He said that China provides infrastructure development loans to countries like Asia, Africa, Europe and Latin America to spread the Chinese Dominance. The vice president has pointed out that China also set their lending terms favourable to their own goals.
According to Mike Pence, even though the Hambantota Port which was constructed under the Chinese financial assistance is now in operation, its ownership is now with China due to Sri Lanka’s been unable to repay the loans. The US Vice President has said that it will soon become a military naval base for the Chinese Navy.
Mike Pence has been saying that America is focusing on providing alternative financial aids to countries affected by Chinese debt trap.