Lanka turns to China again; Seeks another $2.5 Billion in economic assistance

Economic crisis in Sri Lanka - the island nation is searching for funds to rebuild forex reserves. Lanka has sought $2.5 billion economic assistance ($1 billion loan & credit line of $1.5 billion) from China. Sri Lanka owes china over $5BN, amounting to about 10% of the nation's total foreign debt. Sri Lanka is an example of how big-ticket Chinese investments can go awfully wrong for a country.