One Belt One Road summit: Sri Lanka's Ranil Wickremesinghe leaves for China soon after seeing off Narendra Modi

Beijing: Sri Lanka's Prime Minister Ranil Wickremesinghe arrived in Beijing on Saturday to attend China's high-profile Belt and Road summit beginning on Sunday.

Wickremesinghe left for the Chinese capital immediately after seeing off Prime Minister Narendra Modi at the
end of his two-day visit to Sri Lanka last evening.

Prime Minister Narendra Modi departing for New Delhi from Bandaranaike International Airport, in Colombo, Sri Lanka on 12 May, 2017. Image courtesy PIB

Prime Minister Narendra Modi departing for New Delhi from Bandaranaike International Airport, in Colombo, Sri Lanka on 12 May, 2017. Image courtesy PIB

Wickremesinghe will hold talks with Chinese President Xi Jinping and Prime Minister Li Xiang on a host of bilateral issues, his office has said.

Analysts here say Wickremesinghe's Beijing visit has gained significance as India has chosen to stay away from the summit, citing sovereignty concerns related to the China-Pakistan Economic Corridor (CPEC).

The Belt and Road Forum is being organised by China to showcase its multi-billion dollar Silk Road initiative of
which the $50 billion CPEC connecting China's Xinjiang with Balochistan through Pakistan-occupied Kashmir (PoK) is a part.

India has expressed concerns over China's growing presence and influence in Sri Lanka.

It was reported during Modi's visit that Sri Lanka had denied permission for a Chinese submarine to visit Colombo
port this week.

A similar submarine in 2014 had raised protests from New Delhi against the then Mahinda Rajapaksa government in
Colombo.

It has been argued that Rajapaksa's massive infrastructure projects presented the Chinese with a foothold in the island nation.

Sri Lanka borrowed mostly commercial loans to fund the infrastructure projects such as building a sea and airport in the Rajapaksa heartland of Hambantota in the deep south of the country.

Wickremesinghe, who is primarily the Economic Affairs Minister in the unity government of President Maithripala
Sirisena, has taken the lead in turning the Chinese-funded projects into Chinese equity due to Sri Lanka's inability to meet high Chinese debts.

His proposals have faced strong resistance from the Opposition which is being led by Rajapaksa who dubs
Wickremesinghe's plans as a sell out of state assets to China.


Updated Date: May 13, 2017 18:36 PM

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