June 17, 2026
3 developments
China's restructuring losses quantified
IDSA put China's losses at $7 billion and its share of Sri Lanka's bilateral debt at 45.3%, down from 57% in 2022.
SINOPEC refinery delayed
The $3.7 billion project stalled over China's demand to sell 30% of output locally rather than the current 20%.
Port City investment passes $1.3 billion
More than 150 companies were licensed, with projections of 80,000 jobs and $13-15 billion in annual GDP at completion.