Sri Lanka concerned by China loans, rules out submarine visits

February 28, 2015 11:59 AM

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Sri Lanka concerned by China loans, rules out submarine visits

BEIJING (Reuters) - Sri Lanka is concerned with the roughly $5 billion in Chinese loans it has and will send its finance minister to Beijing to discuss the issue, the foreign minister said on Saturday, as he also ruled out future Chinese submarine visits to the country.

New Sri Lankan President Maithripala Sirisena has unnerved China with his re-examination of certain projects that China has invested in, including a $1.5 billion "port city" project in the capital Colombo.

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