Gautam Adani's Colombo Port Project Gets $553 From U.S.; Bid To Counter China’s Debt-Trap Policy?

The United States will provide $553 mb in financing for a port terminal in Sri Lanka’s capital Colombo. The port is being developed by Indian billionaire Gautam Adani. This as New Delhi and Washington look to curtail China’s influence in South Asia. The U.S. funding also signals renewed efforts to loosen Beijing’s sway over Sri Lanka after Colombo splurged on Chinese port and highway projects before its economic meltdown last year, which left it highly indebted to Beijing. Watch this video to know more.