Sri Lanka is on a drive in becoming a Chinese colony as the Sri Lankan parliament approved a bill that gives more or less complete control of the Hambantota Port to China.
The Chinese began with their financial assistance in building Hambantota Port and has now spilled into the port city of Colombo. Both are strategic assets, one of which is already under Chinese control. The other could soon follow if the government has its way.
The Colombo port city is a special financial zone being built next to Colombo, on land reclaimed from the sea.
The Sri Lanka Parliament has passed the Port City Economic Commission Bill, which officially declares 269 hectares of land reclaimed from the ocean and annexed to the city of Colombo as the country’s first special economic zone (SEZ) for services-oriented industries.
Chinese are calling it the next Dubai and it is being touted as a city from the future.
With this strategic move China will now tighten grip on Sri Lanka, which will ultimately result in a big threat to India as China come in close proximity to India.
China is buying off small countries by advancing financial / technical assistance.
Similarly as China developed Sri Lankan seaport, Djibouti seaport is also being developed by the Chinese.