Overall sounding very positive imo... if it all goes well Sri Lanka will be an amazing silk road hub, with one of the highest quality and most important strategic minerals
Under Rajapaksa, China built closer ties with Sri Lanka, providing billions of dollars in loans. Last year, the Sri Lankan government under Rajapaksa allowed a Chinese submarine to dock twice in Colombo.
“We do not have any enmity toward anybody; we extend the hand of friendship to all countries,” says Sirisena.
Sirisena’s point was reiterated by the country’s new Prime Minister, who said efforts by Sri Lanka’s new leaders to cultivate friendlier ties with India and the West didn’t constitute a “tilt away from China.” “The fact is we moved away from everyone else, leaving only China. We antagonized the West, we antagonized India. You can’t carry on like this. Sri Lanka needs the West, it needs India, it needs China,” says Wickremesinghe.
MRF Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
