The Chinese government defended the practise of extending loans to Sri Lanka on Monday, stating that they were granted at the request of the Sri Lankan government.
China’s Foreign Ministry spokesperson Hua Chunying also said the docking of Chinese submarines in Colombo was “normal and transparent”, noting that Sri Lanka “welcomes the docking of submarines from the friendly countries”.
The statement comes after Sri Lanka’s foreign minister Mangala Samaraweera concluded a visit to Beijing, where he reportedly raised “concerns” regarding Chinese loans. “The people of Sri Lanka raised many questions, about the interest rates especially, and in certain cases about the manner in which these loans were raised,” said Mr Samaraweera.
Ms Hua however defended the loan arrangements, telling reporters that "the loans are extended at the request of Sri Lanka and based on consensus through consultations." "The loan arrangements are for the whole nation and people and have played a positive role in the economic and social development of Sri Lanka," added Ms Hua.