Defending China’s big ticket investments in Sri Lanka announced during the just concluded visit of President Xi Jinping, Chinese media has said as a major power, the country has every reason to employ a strategy to expand its influence in the Indian Ocean region.
“These wharfs, railways, dams and oil and gas pipelines, once labelled as ‘strategic’, will be inevitably interpreted as China’s efforts to reinforce its global strategy.
In the just concluded visit of President Xi to Lanka, he launched a new port city project funded by China and witnessed the official start of the Puttalam power plant project, which according to some media reports is less than 200 kilometers from India.
“‘Strategic’ is not a derogatory term, and China, as a major power, has every reason to employ an overseas strategy,” it said.
“China’s investments in some ports in Sri Lanka, the Maldives and Myanmar are even interpreted by Chinese media as ways to ensure the security of Chinese oil shipping sea lane.”
“Only when these projects are in line with the local situations, can they be sustainable, and can the economic profits truly benefit all stakeholders,” it said. (Economic Times)