Last week, Chinese President Xi Jinping reportedly offered Sri Lanka a new grant of 2 billion yuan ($295 million). According to media reports, Sri Lankan President Maithripala Sirisena made the announcement on Saturday at a ceremony marking the construction of a Chinese-funded hospital. China offering cash loans and other incentives to Sri Lanka isn’t anything new, but this grant comes with the provision that it can be used for whatever project Sri Lanka wants. “When the Chinese ambassador visited my house to fix the date for this ceremony, he said that Chinese President Xi Jinping sent me another gift,” Sirisena said. “He has gifted 2 billion yuan to be utilized for any project of my wish. I’m going to hand over a proposal to the Chinese ambassador to build houses in all the electorates in the country,” he added. Latest drop in the bucket China’s near-quarter of a billion […]