Sunday, October 30, 2011

Sri Lanka and China

The EconomistOct 29th 2011
SRI LANKA has cancelled the sale of one of its most valuable commercial properties, which would have gone to the state-owned China Aviation Technology Import-Export Corporation (CATIC), amid local protests over some of the deal’s shadier-seeming aspects. Sri Lanka’s government is now negotiating with the exasperated investor to see whether a deposit of $54.5m, already paid by the Chinese, can be diverted to a fresh land deal somewhere nearby.
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